Sainsbury’s Bank launches 1-year fixed-rate bond at 5.53%
Monday, 05 Mar 2007 14:45
Sainsbury’s Bank has released a one-year fixed-rate savings bond offering 5.53% guaranteed gross return.
The savings bond is only available to online, and for a limited period only.
Investors can save anywhere between £3,000 and £1 million in the bond, with interest paid on the maturity date of on March 11th 2008.
The Sainsbury’s Bank fixed-rate saver can accept only a strictly limited amount of funds and once the funds limit is reached, the account will no longer be available.