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Tiered easy access savings rates risen

Tiered easy access savings rates risen

Category: Savings
Date: 23/02/2017

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 It is now over 6 months old so the content may be out of date.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 Bank has increased selected rates by 0.05%, which has made its easy access account appealing enough to earn a place in the Best Buy chart for its sector, as well as a high rating.

The basics…

The eSaver Special now boasts a variable rate of 0.50% for savings of up to £999, while savings between £1,000 and £14,999 now pay a rate of 0.70%, savings of £15,000-£29,999 pay 0.85%, funds of £30,000-£500,000 pay out 1.00%, and anything over that (up to £2 million) has a rate of 0.50%, paid on its anniversary.

The finer details…

This online-exclusive account requires a minimum investment of just £1. Unlimited additions and withdrawals are allowed, with additions not just possible through online means, but also using SaveBack in store or by posting a cheque. Access is only possible through a nominated current account.

Why we like it…

The rate increase on this deal has made it competitive enough to earn a place in the Best Buy charts, as well as a high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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