Sainsbury's account 'competitive'
www.moneynews.co.uk > Banking > Sainsbury's account 'competitive'
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Sainsbury's account 'competitive'
Wed 13th Jun 2007
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The group's move will be passed on to customers immediately, with the Sainsbury's account allowing customers to invest from as little as £1.
Research commissioned by Sainsbury's Bank shows that the internet saver comprises one of just seven per cent of similar accounts to have matched or bettered the overall increase in the base rate since January 2005.
Since January 2005, the account has increased its interest rate from five to six per cent.
Peter Wood, head of Sainsbury's savings, said: "We are obviously delighted to be announcing this fantastic new rate on our internet saver."
"We're proud to be able to offer such a superb rate with unlimited access to funds," he added.
The group also said its research showed that savers need to think carefully about which account suits them best.
Related News : Banking |
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Related News : Sainsbury |
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