Sainsbury’s Internet Saver offer is extended

Sainsbury’s Internet Saver offer rate of 2.9% has been extended until 5th September.

Sainsbury’s Finance has announced that it will be extending its Internet Saver special offer by an additional two weeks until 5th September 2009.  In addition, Customers opening an account and funding it with at least £1,000 within 30 days will receive 1,000 Nectar points.

This Internet based saving account will pay 2.39% above the accounts standard interest rate on all Internet Saver balances opened until September 5th.

The saver must not make more than three withdrawals from the account within 12 months. If more than three withdrawals are made during this period, or the balance falls below £1000, the interest rate reverts to the account’s standard rate of interest, currently 0.51% Gross AER.

Analysis by Defaqto reveals that Sainsbury’s Internet Saver is the only instant or easy access savings account generally available that has consistently paid a gross AER interest rate on a balance of £1 that is equal to or above the Bank of England base rate in each and every month since January 2005.

Savers who want to benefit from this offer should hurry.  5th September is only 12 days away.