Sainsbury's Finance launches one year savings account

Sainsbury's Finance has launched a brand new one-year fixed-rate savings account which offers some of the best savings rates on the market.

The new account, which pays 3.2 per cent AER gross, is available to new and existing customers and both joint and single applications.

Savers can open the account with a deposit between £5,000 and £50,000 and customers may opt for monthly or annualised interest to be paid to a nominated account.

Helen Cook, Sainsbury's Finance's head of savings, said: "It's important to Sainsbury's Finance that our customers have a strong selection of accounts to consider, and this one year fixed bond is perfect for savers looking for a good return over a short period of time."

Ms Cook added that she expects the account to be very popular with both new and existing customers.

Withdrawals are not allowed during the 12 month fixed term of the account.

Save our Savers recently urged banks to be more open about savings interest rates whenever they communicate with a saver.
 

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2011-01-25 11:23:35 © Moneyextra.com