Sainsbury's Fixed Rate Bonds

Compare Sainsburys Savings Bonds With The Market

If you have £5000 or more you can afford to tie away in an investment for a predefined period of time then Sainsbury's fixed rate bonds might be able to offer competitive interest rate to you over a range of terms, before you decide however you can see below to compare fixed rate bonds from other leading deals on offer and decide which might be the best choice for you.

ProviderAccountInterest RateTermApply
5.00%Current Account
Instant Access
More Info >
5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
1.20%Instant AccessMore Info >
Earn 1.20% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Manage account online.
3.00%Current Account
Instant Access
More Info >
Monthly Interest of 3% AER (variable) payable on your entire balance up to £20,000 when you have at least £3,000 in your account. Monthly Cashback on selected household bills. Must pay in £500 into the account each month.
5.00%Current Account
Instant Access
More Info >
5.00% interest on balances up to £2,000 PLUS 5% cashback on first £100 of Contactless payments every month. Must pay in a minimum of £500 into the account each month. No monthly account fee.
1.00%Current Account
Instant Access
More Info >
Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 1% AER on ALL instant access credit balances, and 0.5% AER on current account balances up to £2,000. £2 per month fee. INTRODUCTORY OFFER: Free for the first 12 months.

1.50%

per annum

£10,000More Info >
Earn 1.50% fixed interest - 3 year term - Minimum deposit £10,000 - No withdrawals - FSCS Protected

1.40%

per annum

£10,000More Info >
Earn 1.40% fixed interest - 1 year term - Minimum deposit £10,000 - No withdrawals - FSCS Protected

1.10%

per annum

£1,000More Info >
Earn 1.10% fixed interest - 12 month term - Minimum deposit £1,000 No withdrawals permitted. FSCS Protected

0.80%

per annum

£1,000More Info >
Earn 0.80% fixed interest - 6 month term - Minimum deposit £1,000 No withdrawals permitted. FSCS Protected
Latest Current Account Deals
 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
5.0%*0% for 12 months£1,000 per monthN/A5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year.More Info >
5.0%*£25 fee free overdraft plus £10 buffer£500 per monthN/A5.0% VARIABLE IN-CREDIT INTEREST on balances up to £2,000.More Info >
3.0%*Fee free for 4 months then £1 per day£500 per month£5 pm*3.0% AER (variable) on entire balance up to £20,000 when you have at least £3,000 in your a/c. Up to 3% cashback on household bills.More Info >
1.0.%*£6 per month with £25 buffer and 2 day grace period No minimumFree for first 12 months then £2 per monthInnovative new banking service. *Get 1.0% AER on ALL instant access balances and 0.5% AER on current account balances up to £2,000.More Info >
N/A£1 per dayN/AN/AFour month fee-free overdraft when you switch your main current account using the Dedicated Switcher ServiceMore Info >
Latest ISA Deals
ProviderAccountISA TransfersProtection schemeFund choiceInvest From:More info
yes

FSCS

2,500+ funds

£50 per month

or £500 single

More Info >

Why we like it: Let award winning experts manage your funds with the Easy Option ISA, or choose your own funds with the DIY Option ISA. Start investing from as little as £50 per month and manage your account online.

yes

FSCS

2,000+ funds

£50 per month

or just £5 single

More Info >

Why we like it: Barclays Stockbrokers has been voted ‘Self Select ISA Provider of the Year’ at the ADVFN International Financial Awards 2016. Choose from over 2,000 funds, shares, ETFs, investment trusts, gilts, bonds and more. Now with ISA flexibility, withdraw and replace cash from a flexible ISA during the same tax year without it counting towards your annual ISA allowance.  

yes

FSCS

2,500+ funds

£10 per month

or £50 single

More Info >

Why we like it: The Standard Life Junior ISA from £10 pm. Tax efficient investing to help pay from anything from university fees to a first car.

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital’s at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.
Peer to Peer Fixed Term ISA - Earn high interest on your savings
ProviderAccountTarget ReturnTermMore Info
8.70%
per annum
1 to 5 YearsMore Info >
  • Earn estimated 8.70% APR*
  • 1 - 5 year term
  • Available for ISA, ISA transfer & direct investment
  • Minimum investment £10
  • Manage your account online
  • Capital is at risk and returns may be higher or lower
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

AER - Annual Equivalent Rate

Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment as it is not protected by the Financial Services Compensation Scheme, although many lenders offer their own compensation schemes.

*Returns may be higher or lower

Alternative Saving Ideas - Earn high interest on your savings
ProviderAccountInterest RateMinimum DepositApply

3.75%

per annum

£10More Info >
  • Earn 3.75% per annum (paid at maturity)
  • 36 month term
  • Asset backed loans
  • Manage your account online
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

3.35%

per annum

£10More Info >
  • Earn 3.35% per annum (paid at maturity)
  • 24 month term
  • Asset backed loans
  • Manage your account online
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

3.00%

per annum

£10More Info >
  • Earn 3.00% paid on maturity.
  • Monthly interest option
  • 12 month term
  • Peer to peer lending account
  • Manage your account online
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

Peer to Peer Lending is not covered by the FSCS

Sainsbury’s fixed rate bonds feature:

  • Fixed rate terms of 1, 2 and 3 years
  • Deposit between £5,000 and £50,000 within 30 days of opening your account
  • Choice of monthly or annual interest payment
  • Manage your account with online banking
  • Available to both new and existing Sainsbury’s bank customers
  • Apply in minutes
  • To apply you must be a UK resident
  • To apply you must be aged 18 years old or over

 

As most fix rate bonds mean you lose access to your money until the end of the bond’s term before you do lock your money away it wise to try and make sure you select the best savings options for you, therefore shopping around thoroughly beforehand to compare the bond market is a good idea.

 

In addition to fixed rate bonds you may wish to consider other types of savings plans:

 

  • Tracker bonds – Similar to a fixed rate bond, but instead of your interest rate being  consistent over the entire course of the bond, it will change in reflection to any increases or decreases in the Base Rate set by the Bank of England. This means if during the term the base rate raises you will benefit from an increase in how much you receive in interest, if however it decreases you will receive less. As such you cannot predict from the start how much you will gain in return with a tracker.

 

  • Structured Deposits – Like fixed rate and tracker bonds a structured deposit requires you to lock up your funds for a period of time, however your gains are not guaranteed. This type of plan is normally tied to an index such as the FTSE 100, if over the plan the index or indices perform in a certain way you will receive your original investment back plus an interest payment typically larger than those offered by bonds or savings accounts. However the interest return on your investment is not guaranteed, if the market does not perform in the way set out by the deposit’s terms and conditions then you will only get back your original investment.

 

  • Savings Account – If you would like to maintain easy access to your savings should you ever need them before the end of the term then an instant access savings account may be the solution to you. Although they do usually offer lower interest rates than bonds or structured deposits, they offer unlimited free withdrawals meaning if you should ever need your savings you don’t need to worry about any forfeit or fines for closing the account early.