Sainsbury’s Bank boosts long-term bond rate - Savings - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
Close