Sainsbury’s Bank boosts long-term bond rate - Savings - News - Moneyfacts

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Sainsbury’s Bank boosts long-term bond rate

Sainsbury’s Bank boosts long-term bond rate

Category: Savings

Updated: 23/01/2013
First Published: 23/01/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Sainsbury's Bank has increased its five-year bond by 0.20%, pushing it into the top ten of the long-term bond market.

The basics…

This fixed-rate bond pays a highly competitive rate of 2.65% on its anniversary and on a monthly interest basis.

Investments range between £5,000 and £50,000.

The finer details….

Further additions and early access are not permitted, so savers must be prepared to invest a lump sum for the duration of the five-year term.

Why we like it….

This bond should attract plenty of interest from savers looking for a market-leading long-term investment from a well-known high-street name. Four out of five Moneyfacts stars have been awarded.

What next?

Find the best Fixed Rate Bonds
Compare the best 5 yr fixed rate savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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