High Interest Savings Account

Internet Saver 5.50% AER/gross p.a.

Maximum interest with minimum effort

Our high interest Internet savings account, is easy to open and use, with no hidden catches.

Take control of your finances:

• 5.50% AER across all your Internet Saver balances
• Open an Internet savings account from as little as £1
• Interest is calculated daily and paid annually on the anniversary of account opening
• Keep track of your savings - name your accounts, such as 'Holiday', 'Wedding' or 'Rainy Day'
• Online servicing ensures you can access your account at any time
• Our rate promise until the end of December 2010.
  
  

How do I pay money in?

Sainsbury's Internet Saver account has been recognised with the 'Moneyfacts - Trust It award' for offering a consistently good rate over 36 months.

This means that when you choose our Sainsbury's Internet Saver account you can rest assured that you have chosen a consistently performing savings account with no 'hidden catches'.

Moneyfacts.co.uk - the leading independent financial comparison site.

	Interest rate	AER/gross p.a.	Net
	Current rate	5.50%	4.40%

With effect from 1st of May 2008.

Interest is calculated daily and paid annually on the anniversary of account opening.

Our rate promise

We promise that until December 2010 you'll always earn higher than market average interest on your internet saver account.
 
Each month we use moneyfacts.co.uk - the leading independent financial comparison site - to compare the interest rates you receive on your internet saver account against the average rates on over 100 equivalent accounts.

Ready to apply? It's straight forward and only takes a few minutes

The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).AER stands for annual equivalent rate and illustrates what the interest would be if interest was paid and compounded each year. Net is the rate of interest paid after the deduction of lower rate tax at 20%.  Variable interest paid annually.  Withdrawals are by transfer to another account only.