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Sainsbury’s top-5 fixed rate deal pays 3.55%

New two-year fixed-rate savings account launched

Sainsbury's logo

Sainsbury’s Finance has entered the top five for two-year fixed rate savings bonds, paying 3.55% gross/AER.

Savers can open the account online or by telephone and can make one deposit of between £5,000 and £50,000. However, withdrawals are not permitted during the two-year term.

The account is available to joint and single applicants with the choice of having interest paid monthly or annually.

To find out more about this account and to compare it with the rest of the market go to our ‘Compare features and prices’ saving tool.

Protecting your money

Sainsbury’s Finance has its own banking license, is separately regulated by the Financial Services Authority and has an independent membership of the Financial Services Ombudsman Scheme.

For more information regarding the Financial Services Compensation Scheme (FSCS) and how to ensure your savings are safe, read the Which? guide.

Which? Best Rate savings accounts

Which? compares savings accounts based on stringent criteria in order to help you make the most of your money. We look at standard savings accounts as well as fixed rate savings accounts and cash Isas.

For more information on savings accounts and how to choose the right one for you, read the Which? advice guide.

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