Sainsbury\’s Launches New Online Savings Account Offering A Rate Of 3.0% Gross AER

Enjoy Spooky Tales and Halloween Tours in Greenwich
September 12, 2009
P&O Ferries Hits Double Tops with Deller and Bristow
September 13, 2009

Sainsbury\’s Back today declares the dispatch of another online bank account paying an appealing rate of 3.0% Gross AER (variable). The new record, called Online Saver, can be opened and overseen on the web.

New research(1) authorized by Sainsbury\’s Fund uncovers that exclusive 3% of moment get to and see accounts pay 3.0% Gross AER or more on equalizations of GBP1,000. Moreover, just 21.4% of these top paying records offer enthusiasm on a month to month and yearly premise.

David Dark, Saving money Pro at Defaqto Restricted, remarked: \”The normal rate paid by moment and simple get to bank accounts is right now 0.85% gross, so the 3.00% rate offered by Sainsbury\’s appears to be a decent arrangement for the individuals who are certain that they can keep up an adjust of at any rate GBP1,000 and make close to three withdrawals through the span of a year.\”

Sainsbury\’s Online Saver will pay 3.0% on all store parities from GBP1,000 to GBP500,000 for 12 months from record opening, giving the saver does not make more than three withdrawals in the 12-month time frame. On the off chance that the quantity of withdrawals surpasses three amid the 12-month time frame or the adjust falls beneath GBP1,000 or goes above GBP500,000, the loan cost returns to the record\’s standard rate of enthusiasm of 0.5% Gross AER.

Helen Cook, Head of Funds at Sainsbury\’s Back said: \”In spite of an aggressive reserve funds showcase, our examination demonstrates that there are not very many bank accounts paying rates of enthusiasm of 3.0%, so our new Online Saver record is to a great degree alluring.\”

To open another Sainsbury\’s Online Saver account, visit The new record permits three withdrawals a year without punishment.

Sainsbury\’s Fund has its own particular saving money permit, is independently directed by the Budgetary Administrations Power and has an autonomous participation to the Monetary Administrations Remuneration Conspire.

Notes to editors:

Sainsbury\’s Fund dispatched Defaqto to break down the reserve funds showcase in August 2009

Sainsbury\’s Back:

To see our most recent official statements and item data, please visit the Sainsbury\’s Back online media focus at

Sainsbury\’s Back offers a scope of value, aggressively evaluated, grant winning items. It opened for business on nineteenth February 1997 and was the UK\’s first market bank. It is a 50:50 joint wander with Sainsbury\’s and Lloyds Saving money Gathering.

Sainsbury\’s Back offers the accompanying items: Mastercards and Credits, a scope of Funds items and Auto Protection, Extra security, Home Protection, Travel Protection and Pet Protection.

For additional data and general Sainsbury\’s Fund enquiries clients can call the freephone number on 0500 40 50 60 or visit

Sainsbury\’s give an extensive variety of monetary administrations including charge cards, credits, individual advances, bank account, pet protection, disaster protection, home protection, auto protection, visit now to discover more.

Leave a Reply

Your email address will not be published. Required fields are marked *