Sainsbury's one year fixed rate savings account paying 3.2%

Sainsbury's Finance has launched a new one year fixed rate savings account, paying 3.2% AER gross, which is one of the most competitive on the market.

The new account - available to new and existing customers and both joint and single applications - can be opened via either telephone or online. One deposit of between £5,000 and £50,000 can be made and customers may opt for monthly or annualised interest to be paid to a nominated account. Withdrawals are not available during the account's fixed term.

Helen Cook, Sainsbury's Finance's Head of Savings said: "It's important to Sainsbury's Finance that our customers have a strong selection of accounts to consider, and this one year fixed bond is perfect for savers looking for a good return over a short period of time. We expect the account to prove very popular."

To open an account or to find out more information, visit sainsburysfinance.co.uk.
 
Sainsbury's Finance has its own banking licence, is separately regulated by the Financial Services Authority and has an independent membership to the Financial Services Compensation Scheme.