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


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

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.