Sainsbury's fixed rate savings bonds offer 2.8% and 3.55%

Sainsbury's Finance has launched two new fixed rate savings bonds. The first is a one year bond paying a guaranteed 2.8% AER gross interest. The other is a two year bond paying 3.55%. Investors can deposit between £5,000 and £50,000 into either bond, and both can be opened online or by telephone.

The new Sainsbury's Fixed Rate Saver accounts are available to both joint and single applications, and customers can opt for monthly or annual interest. No withdrawals can be made during the fixed terms of the accounts.

The accounts can accept a limited amount of funds and once the funds' limit is reached, the accounts will no longer be available.

To open an account or to find out more information, visit sainsburysfinance.co.uk.