Sainsbury's Finance launches competitive accounts

Sainsbury's Finance has launched a range of competitive new fixed-rate savings accounts, ideal for people seeking the best savings interest rates around.

From today April 12th new and existing customers will be able to take out a fixed-rate deal of three years offering a guaranteed return of 4.05 per cent AER.

People looking for a less long-term way to get some of the best savings interest rates may also want to consider their two year fixed rate account, which comes with a return of 3.85 per cent AER and their one year deal, with a rate of 3.35 per cent AER.

Savers can open the account with funds from £5,000 to £50,000.

"These accounts have all proved very popular with customers who want to put some money away in the knowledge that they'll get a good return," said Helen Cook, head of savings at the firm.

Leeds Building Society has meanwhile launched a short term Fixed Rate Postal Bond paying a guaranteed return of 2.75 per cent gross.

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2011-04-12 13:02:38 © Moneyextra.com