New internet savings account from Sainsburys Finance

Published: 10 August 2009 By MoneyhighStreet Staff Leave a Comment

A new internet savings account has today been launched by Sainsburys Finance, paying 2.9% Gross AER (variable).

Savings accountWhilst the standard rate of interest for the new savings account is currently 0.51% Gross AER, Sainsburys will pay 2.39% above this, making an interest rate 2.9% Gross AER, for accounts

  • opened by 22 Aug 2009
  • on which a maximum of 3 withdrawals are made during a 12 month period
  • whose balance doesn’t fall below £1,000 during a 12 month period

The savings account can be opened with deposit balances from £1,000 to £500,000.

Those opening an account and funding it with at least £1,000 within 30 days will also receive 1,000 Nectar points.

Sainsburys Finance is a 50:50 joint venture between Sainsburys and Lloyds Banking Group.

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