Sainsbury's Launches One Year Bond
Sainsbury's Bank launches a limited issue, fixed rate, one year savings account
17th January 2006
Sainsbury's Bank have announced the launch of a 1 year, risk-free savings account, the Fixed Rate Saver.
The new account will offer a guaranteed gross return of 4.9% on a minimum investment of £3,000, with the interest paid when the account matures on 16th January 2007.
The bank say that the account will only be open to applications for a few weeks, as it will only accept a strictly limited amount of funds, and once that amount has been deposited by investors then the account will become unavailable.
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