Double rate rise delight from Sainsbury’s Finance - Savings - News - Moneyfacts

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Double rate rise delight from Sainsbury’s Finance

Double rate rise delight from Sainsbury’s Finance

Category: Savings

Updated: 18/04/2011
First Published: 18/04/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Sainsbury's Finance has improved its Easy Saver and Online Saver accounts.

The Easy Saver and Online Saver introductory bonuses will increase by 0.10% and 0.15% respectively.

This will mean the bonuses are to increase to 2.10% and 2.35% and the rates to 2.60% and 2.85% respectively for accounts opened from 15 April 2011.

Monthly options will also increase. All other terms and conditions remain unchanged.

These second increases in rates this year, albeit by increases to the bonuses, improve the market position of both accounts.

At 2.60%, the Easy Saver sits just below the market leading no notice accounts which are not solely operated by internet, and the Online Saver paying 2.85% improves its position in the highly competitive internet market.

Both accounts include large introductory bonuses and have withdrawal restrictions which should be taken into consideration.

Four out of five Moneyfacts stars have been awarded.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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