Sainsbury's Finance Internet Saver
Supermarket giant Sainsbury's have an extensive range of financial products, including this high interest savings account: the Sainbury's Finance Internet Saver.
It's a fully online account which is easy to open and operate, with one of the market's best interest rates of 5.50% AER gross pa, with interest calculated daily and paid annually. The rate of interest you earn is backed by a guarantee to be higher than the market average, so there's no need to be constantly poring over the best buy tables to make sure you're not losing out.
There's no minimum deposit to speak of as accounts can be opened with as little as £1, and no practical limit on how much you can save with a maximum investment of £2,000,000 (which should be sufficient for most of us!).
Finally, this account has won a Trust It award from financial comparison company Moneyfacts, in recognition of having delivered a consistently good rate over the last 36 months.
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Sainsbury's Internet Saver : Summary
| Account: | Sainsbury's Internet Saver |
| AER: | 5.50% |
| Interest Paid: | Annually |
| Minimum Investment: | £1 |
| Maximum Investment: | £2,000,000 |
| Comments: | Featuring an interest guarantee until 31/12/10 |
