Sainsbury’s Finance Launches New One Year Fixed Rate Savings Account Paying 3.2% Aer

21 January 2011

Sainsbury’s Finance has launched a new one year fixed rate savings account, paying 3.2% AER gross, which is one of the most competitive on the market.

The new account – available to new and existing customers and both joint and single applications – can be opened via either telephone or online. One deposit of between £5,000 and £50,000 can be made and customers may opt for monthly or annualised interest to be paid to a nominated account. Withdrawals are not available during the account’s fixed term.

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. We expect the account to prove very popular.”

To open an account or to find out more information, Alternatively, call 0500 40 50 60.

Sainsbury’s Finance has its own banking licence, is separately regulated by the Financial Services Authority and has an independent membership to the Financial Services Compensation Scheme.


For further information, please contact:

Georgiana Brunner / Tom Wilson
Citigate Dewe Rogerson
020 7638 9571

Sainsbury’s Finance:

To view our latest press releases and product information, please visit the Sainsbury’s Finance online media centre

Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Finance provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times.  Our products consistently top Best Buy tables and regularly win awards for quality, price and service.

Sainsbury’s Finance recent awards include Best Overall Online Provider, Best Direct Personal Loans Provider, Best Online Credit Card Provider, Best Online Life Insurance Provider at the Your Money Awards 2010.

Sainsbury’s Finance is a joint venture between J.Sainsbury plc and Lloyds Banking Group.

For further information and general Sainsbury’s Finance enquiries customers can call the freephone number on 0500 40 50 60 or visit