Sainsbury's has launched two new fixed bonds packages.
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