Sainsbury’s Bank one-year fixed rate savings account launched

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Sainsbury’s Bank one-year fixed rate savings account launched

Mon 16th Jan 2006

The Sainsbury’s Bank one-year fixed rate savings account has been launched, offering customers a rate of 4.9 per cent.

This rate is the guaranteed gross return rate and is available only for a limited period of time.

Customers must invest a minimum of £3,000 and interest will be paid upon maturity.

However, the bank is urging customers to act quickly, as the Sainsbury’s Bank one-year fixed rate savings account is expected to be popular.

Pauline White, savings manager at the bank, said the offer was a "great opportunity" for those "looking to give their savings a boost".

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