Sainsbury's Finance improves savings rates

Sainsbury's Finance has increased its savings interest rates on both of its easy access online accounts.

The online savings offering from Sainsbury's will now pay 2.7 per cent AER and the easy saver account will pay 2.5 per cent AER.

Customers looking to save online can deposit money into the account as frequently as they wish and make a maximum of three cash withdrawals without penalty per year.

Those taking advantage of the competitive savings interest rates offered by the easy saver account have the added flexibility of making five penalty-free withdrawals in a 12 month period.

Helen Cook, head of savings at Sainsbury's Finance, said: "We've increased the rates on both of our easy access accounts to give our customers more choice of competitive rates during a time of year when typically, most people are looking to either find better rates for their savings, or perhaps increase how much they save."

Sainsbury's recently added a SaveBack function to its savings accounts, which allows customers to make deposits into their savings accounts whilst paying for their supermarket shopping.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2011-02-02 10:47:56 © Moneyextra.com