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Sainsbury's launches new fixed rate savings accounts

22nd March 2011 Print

Sainsbury's Finance is marking the start of spring by launching three new fixed rate savings accounts, paying up to 4.05% AER, offering new and existing customers another chance to benefit from greater choice and competitive rates.

The accounts are available in one, two and three-year options, paying 3.35 %, 3.75% and 4.05% AER respectively. All three accounts may be opened either by telephone or online, and savers may make one deposit of between £5,000 and £50,000.

The new accounts are available to both joint and single applicants, and customers may opt for monthly or annualised interest 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: "Springtime is often associated with getting your house in order and we know for many this means their finances too so we're making sure our customers have a competitive set of fixed rate options to choose from. Our accounts are for people who may be looking to review their existing accounts and put some money away in the knowledge they'll get a good return.

"Again, we anticipate significant demand for these new accounts as they are currently among some of the most competitive available."

To open an account or to find out more information, visit