Sainsbury's predicts high demand for fixed-rate savings
A new range of fixed-rate savings accounts is expected to prove popular among consumers.
Sainsbury's Finance announced the products have been introduced for summer and come in addition to a number of other competitive offerings launched in 2011.
Interest rates of 3.4 per cent, 3.95 per cent and 4.2 per cent are available for those signing up for one, two or three years respectively.
And head of savings at Sainsbury's Finance Helen Cook said previous deals have been popular with savers who want the security of getting good returns on their cash.
"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," she added.
Customers can opt to have the interest paid into a nominated account on a monthly or annual basis and an initial deposit of between £5,000 and £50,000 is required to get started.
Use the Myfinances.co.uk comparison tables to find the best deal on savings
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