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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
1.30%Instant AccessMore Info >
MARKET LEADING. Earn 1.30% 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, the French deposit protection scheme. Manage account online.

1.72%

per annum

£5,000More Info >
Earn 1.72% fixed interest. 1 year term, save from £5,000 to £500,000, no additional deposits or withdrawals permitted, FSCS Protected

2.02%

per annum

£5,000More Info >
Earn 2.02% fixed interest - 2 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected

2.31%

per annum

£1,000More Info >
Earn 2.31% gross/AER fixed for 3 years. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. 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. Apply online.

2.52%

per annum

£1,000More Info >
Earn 2.52% 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. FSCS Protected

2.66%

per annum

£1,000More Info >
Earn 2.66% gross/AER fixed for 5 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest. FSCS Protected
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.
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 >
3.0%*0% for first £250No minimum £133.0% INTEREST on balances up to £2,500More Info >
1.50%*Up to £3 per day£500 per month£5 pm*1.50% AER (variable) on your entire balance up to £20,000. Up to 3% cashback on household bills.More Info >
N/A0% for first 3 monthsNo minimum N/A3 months interest-free overdraft and no monthly account feeMore Info >
N/A0% for first £250No minimumFree if funding £1,000 or £10 below £1,000Switch your current account and you'll get a free gift worth up to £150. £250 interest free overdraft. Free banking if paying over £1,000 per month. Satisfaction guarantee - £100 if you leave within 6 monthsMore Info >
Latest ISA Deals
ProviderAccountISA TransfersProtection schemeFund choiceInvest From:More info
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 tax free interest
ProviderAccountTarget ReturnTermMore Info

up to 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
6.00%
target rate pa
No Fixed TermMore Info >
  • £100 cashback when you invest £2,000
  • Innovative Finance ISAs (IFISA) are the new way to invest tax-free. Just like Cash and Stocks & Shares ISAs, you can invest up to £20,000 tax year, and you don’t need to pay any personal taxes on your earnings
  • Lending Crowd will automatically diversify your funds across at least 20 loans through their Loan Market, with no more than 5% of your funds invested in any one loan. All repayments will be automatically reinvested.
  • Target return - 6% a year
  • No income tax or capital gains tax to pay on your profits
  • No fixed term, hold for as long as you wish
  • Also accepts ISA transfers from previous year's ISA's 
  • Minimum investment £1,000, Maximum £20,000
  • The target rate is variable, net of ongoing management fees, estimated bad debt and before the 1% withdrawal fee
  • Capital is at risk
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS
3.75%
annualised pa
Up to 5 YearsMore Info >
  • The Property‐Backed ISA is the latest in Landbay's peer‐to‐peer investments following the introduction of the Innovative Finance ISA from HM Treasury in 2016. A Landbay ISA investment is the same as a Classic investment with a tax‐free wrapper
  • Earn estimated 3.75% APR*
  • Up to 5 year term
  • Also accepts ISA transfers from previous year's ISA's 
  • Minimum investment £5000, Maximum £20,000
  • No ongoing fees or investment fees
  • Investments are automatically diversified across multiple buy-to-let mortgages
  • Sell your investment on the secondary market at any time, subject to Landbay's ability to reallocate your invested loan parts
  • Landbay's Reserve Fund exists in case a borrower misses a payment or defaults. To date they've had none
  • 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
2.80% to 4.90%
average annualised rate
Easy Access, 1 Year or 5 Year Peer to PeerMore Info >
  • New investor offer: £100 bonus when you invest £1,000+ for a year. Ts & Cs apply
  • Innovative Finance ISA - all earnings are tax free
  • Choice of three markets: Rolling, 1 Year or 5 Year
  • Annualised average target return of between 2.80% and 4.90%
  • Capital and interest is only paid at the end of loan term in 2 out of the 3 markets – in the 5 year the interest is repaid in line with the investment repayment
  • Access your money early if funds available in market to replace withdrawal
  • Provision fund provides buffer against credit losses
  • Capital at risk
  • Must be aged 18 or older
  • RateSetter IF ISA is an investment, not a deposit account
  • Provision fund is not a guarantee
  • Peer to peer lending is not covered by the FSCS

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
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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.