Sainsbury's Finance Increases Rate On Easy Saver Savings Account

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Sainsbury's Finance has increased the interest rate on its Easy Saver account by 0.2% to 2.7% Gross AER for accounts opened from Friday 25th June.

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This rate applies to sole and joint savings accounts opened online or by telephone, providing customers maintain a balance between £1 and £100,000.

The Sainsbury's Easy Saver offers a rate of 2.70% (which includes a 12 month reward rate, reverting to base* after 12 months) providing the saver does not make more than five withdrawals in this period. If the number of withdrawals exceeds five during the 12-month period or the balance exceeds £100,000, the interest rate will revert to the account's standard interest rate, currently at 0.50% AER Gross.

All Sainsbury's shoppers receive double Nectar points on their shopping in store, online and in petrol filling stations for two years when taking out a Sainsbury's Easy Saver account with a minimum balance of £5,000. For customers spending £50 per week with Sainsbury's, this means £52 worth of Nectar Points a year, on top of highly competitive interest rates.

Helen Cook, Head of Savings at Sainsbury's Finance said: "Our Easy Saver account offers a highly competitive rate and holds great appeal for customers who want an instant easy access account with telephone access and an attractive rate. Coupled with our Double Nectar offer, this is an incredibly attractive product for Sainsbury's shoppers."

The Easy Saver offer has options for annual or monthly interest. To find out more about Sainsbury's Finance's new Easy Saver offer call 0500 40 50 60 or visit http://www.sainsburysfinance.co.uk

Sainsbury's Finance:

To view our latest press releases and product information, please visit the Sainsbury's Finance online media centre at http://www.sainsburysfinance.co.uk/media.

Sainsbury's was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury's Finance provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top Best Buy tables and regularly win awards for quality, price and service.

Sainsbury's Finance recent awards include Best Online Credit Card Provider / Best Direct Home Insurance Provider, Your Money 2009

Sainsbury's Finance is a joint venture between J.Sainsbury plc and Lloyds Banking Group.

For further information and general Sainsbury's Finance enquiries customers can call the freephone number on 0500 40 50 60 or visit http://www.sainsburysfinance.co.uk

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Holly Clark
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