Sainsbury's launches new online saver

From Wednesday December 1st consumers looking for the best savings rates on the market will have a new online offering from Sainsbury's to choose from.

The new account, which can be opened and managed online, will pay an attractive rate of 2.5 per cent gross AER.

Savers can open the account with a minimum deposit of £1,000 and a maximum of £100,000 and can make unlimited deposits and three withdrawals in a 12 month period.

Helen Cook, head of savings at Sainsbury's Finance, said: "We are determined to ensure that we offer our customers choice as well as competitive rates.

"We've introduced the online saver account because it's perfect for savers who want a good rate on an account that they can set up and manage very easily online."

Savers using the new account will also have access to Sainsbury's new SaveBack scheme, which allows customers to deposit funds into their savings account with a simple swipe of their debit card at the tills.

Last month, Sainsbury's launched three brand new fixed-rate savings accounts offering savings interest rates of up to 3.5 per cent.
 

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2010-11-30 12:24:51 © Moneyextra.com