This comparison simply includes all savings accounts.
Sainsburys Fixed Rate Bonds
Is a Sainsburys fixed rate bond right for you?
Which financial product will offer you the best return usually depends on how much money you have to invest. You will usually get a better interest rate from a savings account for smaller amounts of money. RCI Bank and Post Office presently offer 1.30% on their savings accounts. As a general rule, there is quite a low cut off point above which no interest will be paid or there is a limit to the amount you can have in the account.
With a fixed rate bond, you will get a guaranteed rate of interest for the term of the bond. The maximum deposit for a fixed rate bond is usually much higher than that on which a savings account will pay interest and the longer the bond is for, the better interest rate you will normally be offered.
Common types of bonds tend to last for 1 year, 2 years, 3 years or 5 years. You may be allowed to withdraw money or close your account early, but this will generally result in a penalty calculated as a percentage of the interest you would normally earn.
Fixed rate bonds can be set up alongside your current account, allowing you to start earning interest on all of your savings without disrupting your day-to-day banking. This makes them a highly convenient way to start getting a better return on your money.
Compare Sainsburys fixed rate bonds
Interest rates and other features offered on any company’s fixed rate bonds are liable to change regularly. This is due to constant shifts in the market and consumer demand. As a result, it can be hard for customers to keep track of who is offering the best deal for them at any given moment.
Our fixed rate bond comparison table at the top of this page shows the most attractive deals from across the market currently available. We frequently update these results with the best offers we can find, so make sure to check back regularly.
Investing in a fixed rate bond is a serious commitment as you will be locking your savings away until the bond matures. Make sure to carefully assess your own financial situation and the return you would like to see before making a choice.