Sainsbury's Bank

Sainsbury's Bank PLC

Phone: +441383 847 088, 0500 40 50 60

Fixed Rate Saver

Our Fixed Rate Saver offers you a fixed rate of interest for 1 - 3 years, so you can enjoy the peace of mind of knowing exactly what return you'll get on your investment.
Interest Rate
1 year £5,000 - £50,000 1.70% AER
2 years £5,000 - £50,000 2.05% AER
3 years £5,000 - £50,000 2.20% AER
Minimum Balance
A guaranteed fixed interest rate for 1 - 3 years.
Deposit between £5,000 and £50,000 within 30 days of opening your account.
A good return on your savings with no withdrawals.
Interest paid monthly or annually.

Your Fixed Rate Saver will be opened on your account opening date.

2. Interest is fixed on the account opening date. Interest starts to accrue once cleared funds are paid into your Fixed Rate Saver until the end of the term. If you make your deposit into the account after the account opening date, you will receive interest from the date of deposit until the end of the term and not from account opening date. The term over which you actually receive interest may therefore be shorter than the full term of the product.

3. You must fund your account within 30 days of account opening. If you do not fund your Fixed Rate Saver we will close your Fixed Rate Saver after 60 days.

4. You may only close your Fixed Rate Saver on its maturity date.

You have 14 days starting from the day after your savings account agreement is concluded to give us notice that you wish to cancel. You can do this by calling our service team on 0500 40 50 60 *.


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