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 2.50% AER gross pa, with interest calculated daily and paid annually. The rate of interest you earn is fixed for 12 months from account openingbacked 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 a fairly large minimum deposit of £1,000, an upper limit to how much you can save with a maximum investment of £500,000.
Sainsbury's have won the 2008 Your Money award for best online banking provier.
Sainsbury's Online Saver : Summary
| Account: | Sainsbury's Internet Saver |
| AER: | 2.50% |
| Interest Paid: | Annually |
| Minimum Investment: | £1,000 |
| Maximum Investment: | £500,000 |
| Comments: | Featuring an interest guarantee until 31/12/10 |
