Sainsbury’s Launches New Fixed Rate Savings Accounts

12 April 2011

Sainsbury’s Finance is today launching two new fixed rate savings accounts with the one year option paying 3.35% and the two year account paying 3.85% AER.

In addition, Sainsbury’s Finance is currently offering new and existing customers the option of a three year fixed rate savings account paying an attractive rate of 4.05% AER.

All three accounts may be opened either by telephone or online, and savers may make one deposit of between £5,000 and £50,000. The accounts are available to both joint and single applicants, and customers may opt for monthly or annualised interest 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: “Today’s launch is the latest in a number of competitive fixed rate savings accounts that we’ve launched this year. 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. As with our previous fixed rate savings launches, 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.”

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


1 year 3.35%
2 year 3.85%
3 year 4.05%


These accounts are limited offers and may be withdrawn at any time.

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.

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For further information, please contact:

Natasha Virtue
Sainsbury’s Finance
0131 338 2974

Tom Wilson
Citigate Dewe Rogerson
020 7282 2842

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