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Sainsbury's introduces new fixed rate bonds

Sainsbury's introduces new fixed rate bonds
Date of Publication: Wednesday, 01 September 2010 00:00

Sainsbury's has launched two new fixed bonds packages.

Sainsbury's savings holders might like to explore the possibility of taking out one of the financier's new fixed rate bonds deals, which were launched yesterday (August 31st).

The supermarket bank has introduced two fixed bonds products, which have different rates to suit the demands and needs of varying investors. For example, the first deal pays a guaranteed 2.8 per cent annual equivalent rate (AER) in gross interest, while the second product has a slightly higher AER of 3.55 per cent.

Between £5,000 and £50,000 can be deposited into either of these packages, while they can both also be opened online or by telephone.

Meanwhile, in order to give the customer more flexibility over their personal finances, these deals are open to both joint and single applications and can involve either monthly or yearly interest.

In related news, the Nottingham Building Society has also recently introduced a new fixed rate bond deal at a rate of 3.75 per cent.

By Mark Hornby
 ADNFCR-2079-ID-800047170-ADNFCR
Wednesday, 01 September 2010 00:00
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Top 5 Fixed Rate Bonds

Provider
AER
Duration
Min Bal
Apply
View Full Table >
1.81%
Fixed term for 3 years
£1,000
2.20%
Fixed term for 5 years
£1,000
2.25%
Fixed term for 4 years
£1,000
1.50%
Fixed term for 3 years
£10,000
1.40%
Fixed term for 2 years
£10,000

Vanquis Bank 3 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 5 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for FIVE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 4 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Bank of Cyprus UK 3 Year Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only.

Bank of Cyprus UK 2 Year Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only.

Bank of Cyprus UK 6 Month Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only.

Bank of Cyprus UK 1 Year Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only.

Wellesley 3 Year Term

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • All lending is asset backed
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • Wellesley & Co retain a portion of every loan that they make. This portion is subordinated to the Peer to Peer lender so act as a capital buffer and takes the first loss is a borrower defaulted on their loan and Wellesley were unable to sell the asset for as much as they had lent.
  • There is a Provision Fund that investors can apply to for compensation in the case of loss of funds through a borrower not meeting loan repayments.
  • Wellesley is the first Peer to Peer lender to offer its lenders a combination of security over all loans and access to a Provision Fund.
  • Wellesley offers early access to funds. There is no charge for this service however a customer’s rate of return that they receive will be realigned to fairly represent the period that their money has been committed.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Bank of Cyprus UK 35 Day Notice ISA

Bank of Cyprus UK
  • Available for new subscriptions up to £15,240 for the current tax year or transfers from other ISA providers
  • Interest is paid annually into your Cash ISA
  • Access to funds subject to 35 days notice
  • Available to individual applicants aged 16 or over
  • Eligible deposits are protected up to £75,000 by the UK Financial Services Compensation Scheme

Axis Bank UK 1 Year Fixed Rate Bond

  • Minimum investment £1,000
  • Maximum investment £200,000
  • Eligibility: Individuals who are 18 years of age and older having satisfactory identity and address verification documents as per Axis Bank UK’s policies.
  • Standing orders: Can be set up for auto renewal, interest and maturity payouts.
  • Premature Withdrawal: Not allowed
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Axis Bank UK 2 Year Fixed Rate Bond

  • Minimum investment £1,000
  • Maximum investment £200,000
  • 2.15% AER for Deposits between £10,000 and £200,000
  • Eligibility: Individuals who are 18 years of age and older having satisfactory identity and address verification documents as per Axis Bank UK’s policies.
  • Standing orders: Can be set up for auto renewal, interest and maturity payouts.
  • Premature Withdrawal: Not allowed
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Axis Bank UK 3 Year Fixed Rate Bond

  • Minimum investment £1,000
  • Maximum investment £200,000
  • Eligibility: Individuals who are 18 years of age and older having satisfactory identity and address verification documents as per Axis Bank UK’s policies.
  • Standing orders: Can be set up for auto renewal, interest and maturity payouts.
  • Premature Withdrawal: Not allowed
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Axis Bank UK 5 Year Fixed Rate Bond

  • Minimum investment £1,000
  • Maximum investment £200,000
  • Eligibility: Individuals who are 18 years of age and older having satisfactory identity and address verification documents as per Axis Bank UK’s policies.
  • Standing orders: Can be set up for auto renewal, interest and maturity payouts.
  • Premature Withdrawal: Not allowed
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Wellesley 1 Year Term

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • Wellesley & Co offers a service called 'Early Access'. This enables customers to request access to their funds before the end of a lending term.
  • All lending is asset backed
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • Wellesley & Co retain a portion of every loan that they make. This portion is subordinated to the Peer to Peer lender so act as a capital buffer and takes the first loss is a borrower defaulted on their loan and Wellesley were unable to sell the asset for as much as they had lent.
  • There are Provision Funds that investors can apply to for compensation in the case of loss of funds through a borrower not meeting loan repayments.
  • Wellesley is the first Peer to Peer lender to offer its lenders a combination of security over all loans and access to a Provision Fund of £2,834,444.
  • Wellesley offers early access to funds. There is no charge for this service however a customer’s rate of return that they receive will be realigned to fairly represent the period that their money has been committed.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Wellesley 2 Year Term

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • Wellesley & Co offers a service called 'Early Access'. This enables customers to request access to their funds before the end of a lending term.
  • All lending is asset backed
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • Wellesley & Co retain a portion of every loan that they make. This portion is subordinated to the Peer to Peer lender so act as a capital buffer and takes the first loss is a borrower defaulted on their loan and Wellesley were unable to sell the asset for as much as they had lent.
  • There are Provision Funds that investors can apply to for compensation in the case of loss of funds through a borrower not meeting loan repayments.
  • Wellesley is the first Peer to Peer lender to offer its lenders a combination of security over all loans and access to a Provision Fund of £2,834,444.
  • Wellesley offers early access to funds. There is no charge for this service however a customer’s rate of return that they receive will be realigned to fairly represent the period that their money has been committed.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.