Sainsbury's Fixed Rate Bonds

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.

Latest Fixed Rate Bond Deals
ProviderAccountInterest Rate (AER)TermApply
2.35%4 YearsApply Now >
Earn 2.35% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest.
2.20%3 YearsApply Now >
Earn 2.20% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available
1.50%3 YearsApply Now >
Interest paid annually at 1.50% (gross), quarterly at 1.49% (gross), or monthly at 1.49% (gross). Minimum Deposit £10,000.
1.40%3 yearsApply Now >
3 year fixed rate savings account paying 1.40% Gross (1.38% AER)
1.00%2 yearsApply Now >
2 year fixed rate savings account paying 1.00% Gross (1.00% AER)
0.75%1 yearApply Now >
1 year fixed rate savings account paying 0.75% gross/AER.
Cash ISA Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years

4.25%

per annum

More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 4.25% times the number of years the plan has been in force. Also available for Cash NISA and NISA transfer.
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

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.