Sainsbury's Internet Saver account 'offers consistent performance'

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Sainsbury's Internet Saver account 'offers consistent performance'

Tue 6th May 2008

According to Sainsbury's research, its Internet Saver account is the only instant or easy access savings account to consistently pay equal to or above the base rate since January 2005.

It says it achieved this by not relying on short-term bonuses and accepting deposits from £1 with no restrictions or penalties for accessing money.

The bank's Internet Saver account was also ranked the number one easy access internet savings account by Moneyfacts in its new 36-month consistency rankings.

Neil Cameron, savings manager at Sainsbury's Finance, stated that he was proud of the account's record.

"The savings market is changing all the time … so rather than having to watch your savings like a hawk, we advise savers to make sure that they have their money in an account that consistently offers an attractive rate," he added.

In related news, a research recently released by Sainsbury's suggested that the rising cost of living is hitting first-time buyer's deposit savings.

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