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

News

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 It is now over 6 months old so the content may be out of date.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.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.
 
Close