High demand expected for Sainsbury's Finance's new fixed-rate savings accounts

Wednesday, 13 April 2011 04:38

Two new fixed-rate savings accounts have been launched by Sainsbury's Finance.

Customers will be able to choose a two-year option paying 3.85 per cent AER or a one-year product providing a return of 3.35 per cent.

The option of a three-year rate of 4.05 per cent is also available.

Head of savings at Sainsbury's Finance Helen Cook stated they will join the range of other fixed-rate savings accounts unveiled this year and their ability to offer consumers good returns has ensured they are popular.

"As with our previous fixed-rate savings launches, we anticipate a high demand for these new accounts so would advise anyone interested in applying to do so quickly whilst they're still available," Ms Cook added.

Customers - who are able to make a single deposit of between £5,000 and £50,000 and can open the accounts online or over the telephone, choosing to receive their interest annually or monthly.

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

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