Sainsbury's Bank launches three new fixed rate savings accounts

Sainsbury's Bank is launching three new fixed rate savings accounts. The one-, two- and three-year accounts will pay 3.15% Gross AER (variable), 3.50% Gross AER (variable) and 3.75% Gross AER (variable) respectively.

Available to new and existing customers, the accounts can be held in single or joint names.  The accounts can be funded with a single deposit of between £5,000 and £50,000. No further deposits, withdrawals or closures are permitted before maturity. 

Customers have the option of receiving monthly or annual interest, which is paid into a separate nominated account. The accounts can be opened either online or by telephone.

For more information on the new fixed rate savings accounts visit sainsburysbank.co.uk.