Sainsbury's Finance launch competitive new savings accounts

Tuesday, 01 November 2011 04:41

Sainsbury’s Finance is launching three new fixed rate savings accounts paying an attractive rate of interest.

The accounts come as one, two and three-year options and pay 3.40, 3.76 or 3.90 per cent AER/gross pa.

All three accounts are available as joint or single savings accounts and can be opened by phone or online. Investors are allowed to make one single deposit of between £5,000 and £50,000.

Customers have the option of drawing interest either annually or monthly which can be paid into a nominated account. Withdrawals are not allowed during the account’s fixed term so think carefully if you will need any of the money that you are considering investing into the savings accounts or you will lose out on interest.

Neil Cameron, Sainsbury's Savings Manager said: "We know that many of our customers are looking for attractive offers for their savings this autumn so we're making sure our customers have a competitive set of fixed rate options to choose from. Our accounts are for people who may be looking to review their savings existing accounts and put some money away in the knowledge they'll get a good return."

Use the comparison tables to find the best deal on a savings account.

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