The actor played much-loved butcher Fred Elliott for 12 years, until the character died of a heart attack on his wedding day in 2006.
Speaking to the Manchester Evening News, Savident criticised some of the serial's younger cast members.
"Honestly I rarely watch Corrie now," he said. "Some of the young people just want to be on screen and have no ambition to act elsewhere - what future do they have when their contract ends?
"One of them asked me who this Laurence Olivier was I was talking about as he'd never heard of him! Olivier was my hero and I had the honour of working with him on a couple of occasions."
The 73-year-old also acknowledged that he was unhappy with celebrities appearing in the programme, revealing how he had approached Sir Ian McKellen about his decision to take on the role of Mel Hutchwright in 2005.
"Don't get me started on that score," Savident told the paper. "I took Sir Ian McKellen to task by asking how he could play a role in Corrie which meant some poor actor who needed the work lost out. He didn't reply - just hung his head."
He continued to confess that the increased workload had been behind his decision to quit the role.
"When the pace changed to five shows a week, I knew the quality would suffer," he remarked. "My family were in Surrey but I was in Manchester, often going into work every day and never filming a scene. I was also waiting for heart surgery so I asked for a meeting and explained my situation. The producer didn't try to dissuade me and it was decided I would go.
"Although I'd asked to leave, I wanted to go quietly and suggested that Ashley discovers Fred dead in bed on his wedding morning. But they preferred a big dramatic finish so as he was about to marry landlady Bev Unwin, he died on his last visit to Audrey."
Adding that he has no "real regrets about leaving", Savident added: "Apart from missing all my friends in the Street, particularly the lovely Sue Nicholls who is such a lady, Bill Roache and the wonderful Betty Driver. Now most of my other friends have also left like Steven Arnold (Ashley) and Julia Haworth (Claire) who were the loveliest family. At least they were given plenty of notice."
> Corrie's Fred 'based on real people'