Sainsbury's Launches New Internet Saver Offer Rate Of 2.8% AER

    LONDON, ENGLAND, July 04, 2009 /24-7PressRelease/ -- Sainsbury's Finance Internet Saver Savings Account will pay a higher rate (2.05% above the account's standard rate), on all Internet Saver balances opened between 1st and 31st July 2009, providing the saver does not make more than three withdrawals a year. If the number of withdrawals exceeds three during a 12-month period or the balance falls below GBP1,000 the interest rate reverts to the account's standard rate of interest, currently 0.75% Gross AER.

Sainsbury's Internet Saver account has achieved 'Moneyfacts - Trust It' status for offering a consistently good rate over 36 months(1). Analysis by Defaqto(2) reveals that Sainsbury's Internet Saver is the only instant or easy access savings account generally available that has consistently paid a gross AER interest rate on a balance of GBP1 that is equal to or above the Bank of England base rate in each and every month since January 2005.

Helen Cook, Head of Savings at Sainsbury's Finance said: "We are delighted to be able to offer yet another compelling offer with our Internet Saver account."

Sainsbury's Finance has its own banking licence, is separately regulated by the Financial Services Authority and has an independent membership to the Financial Services Compensation Scheme

Sainsbury's provide a wide range of financial services including pet insurance, life insurance, and loans, visit www.sainsburysbank.co.uk now to find out more

To view our latest press releases and product information, please visit the Sainsbury's Finance online media centre at www.sainsburysfinance.co.uk/media.
Sainsbury's Finance offers a range of quality, competitively priced, award-winning products. It opened for business on 19th February 1997 and was the UK's first supermarket bank. It is a 50:50 joint venture with Sainsbury's and Lloyds Banking Group.

Sainsbury's Finance offers the following products: Credit Cards and Loans, a range of Savings products and Car Insurance, Life Insurance, Home Insurance, Travel Insurance and Pet Insurance
For further information and general Sainsbury's Finance enquiries customers can call the freephone number on 0500 40 50 60 or visit www.sainsburysfinance.co.uk

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