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Sainsbury’s Bank rewards high deposit investors

Sainsbury’s Bank rewards high deposit investors

Category: Savings

Updated: 30/08/2012
First Published: 30/08/2012

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 It is now over 6 months old so the content may be out of date.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 launched a competitive one year Fixed Rate Saver, aimed at savers with at least £5,000 to invest.

The basics…

The Fixed Rate Saver pays a rate of 3.26% on maturity and monthly. Investments range between £5,000 and £50,000.

The finer details….

Further additions are not permitted. As with the majority of fixed rate bonds, early access to funds is not allowed during the term of the deal.

The bond is available to savers aged 18 and over and can be operated by telephone or online.

Why we like it…

This attractive bond pays a competitive rate to short-term investors. Sitting within the top ten one year bonds, this deal has been awarded four out of five Moneyfacts stars.

What Next?

Find the best savings accounts for you - Compare fixed rate bonds

Have you used all of your ISA allowance for 2012/13? Download your FREE 8-page ISA allowance guide for the 2012-13 tax year.

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 Any products featured may be withdrawn by their provider or changed at any time.