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Sainsbury’s Finance offers easy pickings

Sainsbury’s Finance offers easy pickings

Category: Savings

Updated: 07/09/2009
First Published: 08/09/2009

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 It is now over 6 months old so the content may be out of date.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 launched a no notice account that offers a market leading rate to savers who prefer to carry out their transactions over the telephone.

The Easy Saver is a no notice telephone operated account which pays a yearly or monthly rate of interest of 2.80% on a minimum investment of just £1.

Savers are permitted to make five withdrawals a year, while the rate is guaranteed to be at least 2.00% above the base rate for the next 12 months.

The rate reverts to 0.50% if a sixth withdrawal is made or the balance goes below £1 or above £500K. Withdrawals must be made via a nominated account.

While withdrawals are restricted, this account is likely to prove very popular.

The easy saver has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.