Sainsbury’s Bank gives ISA rates a boost | moneyfacts.co.uk

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Sainsbury’s Bank gives ISA rates a boost

Sainsbury’s Bank gives ISA rates a boost

Category: ISAs
Date: 22/09/2017

Sainsbury's Bank has raised rates across its range of cash ISAs by up to 0.10%, resulting in its easy access deal earning a place in the chart for its sector and an "excellent" rating in the process.

The basics…

The variable rate Cash ISA pays tiered rates of interest depending on the balance: 0.50% is paid on the minimum investment of £1, but this rises to 1.06% for deposits of £500 and above, a top-10 rate for its sector.

The finer details…

This deal can be managed online and by phone, and although it only requires a minimum investment of £1, savers would be wise to bump it up to £500 if they can. This can be achieved over time, however, with unlimited further additions and transfers in permitted. Withdrawals are also welcome, as are transfers away from this account.

Why we like it…

The rate boost to this ISA has earned it a comfortable position in the chart for its sector, with its level of flexibility only enhancing its appeal to make it truly deserving of its product rating and Best Buy status.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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