Sainsbury’s Launches Three New Fixed Rate Savings Accounts For Spring

22 March 2011

Sainsbury’s Finance is marking the start of spring by today launching three new fixed rate savings accounts, paying up to 4.05% AER, offering new and existing customers another chance to benefit from greater choice and competitive rates.

The accounts are available in one, two and three-year options, paying 3.25 %, 3.75% and 4.05% AER respectively. 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 new 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: “Springtime is often associated with getting your house in order and we know for many this means their finances too so we’re making sure our customers have a competitive set of fixed rate options to choose from. Our accounts are for people who may be looking to review their existing accounts and put some money away in the knowledge they’ll get a good return.

“Again, we anticipate significant demand for these new accounts as they are currently among some of the most competitive available.”

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


1 year 3.25% AER
2 year 3.75% AER
3 year 4.05% AER


These accounts are limited offers and may be withdrawn at any time.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

– Ends –

Notes to editors

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