Sainsbury's Finance offers 1-year fixed-rate savings account

Monday, 24 January 2011 02:04

A new one-year fixed-rate savings account paying 3.2 per cent has been launched by Sainsbury's Finance.

It will be made available to new and existing customers and both joint and single applications.

The product is available via telephone or online with an allowance for a deposit of between £5,000 and £50,000 to be made.

Customers can also opt for monthly or annualised interest to be paid to a nominated account, while withdrawals are unavailable during the fixed term.

"This one year fixed bond is perfect for savers looking for a good return over a short period of time," said Helen Cook, Sainsbury's finance's head of savings. 

Use the Myfinances.co.uk comparison site to find the best deal on a savings account 

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