Sainsbury's Finance Online Saver
Supermarket giant Sainsbury's have an extensive range of financial products, including this high interest savings account: the Sainbury's Finance Online Saver.
It's a fully online account which is easy to open and operate, with one of the market's best interest rates of 2.70% AER gross pa, with interest calculated daily and paid either monthly or annually. The rate of interest you earn is fixed for 12 months from account opening, although there's a fairly large minimum deposit of £1,000, and an upper limit to how much you can save with a maximum investment of £100,000.
Access to the account is available online 365 days a year, and you can make up to three withdrawals over the 12 month period.
Sainsbury's Online Saver : Summary
| Account: | Sainsbury's Online Saver |
| AER: | 2.70% |
| Interest Paid: | Monthly or Annually |
| Minimum Investment: | £1,000 |
| Maximum Investment: | £100,000 |
| Comments: | Has an upper limit of £100,000 above which the interest rate reduces, and a minimum initial deposit of £1000 |
