Sainsbury's Finance easy saver accounts rate increases

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Sainsbury's Finance easy saver accounts rate increases

Banking with Sainsbury's Finance easy saver accounts may have just become more profitable after it announced an increase to its rates.

Savers who are looking to get the most from their money could see their pennies increase faster with the institution thanks to a 0.2 per cent rise.

The rate of interest on the account now stands at 2.7 per cent, as long as the account has a balance of between £1 and £100,000 held in it at all times.

It can be opened online or over the telephone and consumers are permitted to make up to five withdrawals from the account during the first 12 months of it being started.

If more than this are made, or the total exceeds £100,000, the rate will revert to the standard interest rate of 0.5 per cent.

The institution has also recently introduced a two-year fixed-rate savings account for deposits from £5,000 and a rate of 3.55 per cent.

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