Sainsburys Direct Saver
Compare the Sainsburys Direct Saver with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Sainsburys Direct Saver details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Sainsbury's Finance www.sainsburysfinance.co.uk | ||
| Product: | Direct Saver | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Instant Access | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 1.70% AER. | ||
| Interest Rate Guarantees: | The interest rates on this account are guaranteed not to be less than the average of Sainsbury's Bank's competitors equivalent products until 31st December 2010. Sainsbury's Bank guarantee that the annual interest rate on Direct Savings Account will be higher than the average rate. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 18 years. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Minimum Investment: | The minimum investment is £2500. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Balance: | The minimum balance is £1. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | 24 hour telephone banking. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £2,500 1.60% 1.60% 1.60% £10,000 1.60% 1.60% 1.60% £25,000 1.65% 1.65% 1.65% £100,000 1.70% 1.70% 1.70% | ||
| Interest Payment Freq: | Interest is paid annually at the end of November. | ||
| Managing Account | |||
| Instant: | This is an instant access account. | ||
| Passbook: | A passbook is not provided when this account is opened. | ||
| Transactions at Branch: | Transactions cannot be made in-store at a Sainsbury's branch. | ||
| Statement Frequency: | Statements are issued quarterly. | ||
| Transactions by Phone: | Transactions can be made by telephone. Lines are open 24 hours a day, 7 days a week - calls are free of charge. | ||
| Transactions by Internet: | Transactions can be carried out via the internet. | ||
| Transactions by Post: | Transactions can be made by post. | ||
| Special Access: | There are no withdrawal conditions. | ||
| Withdrawal Conditions: | Withdrawal Conditions - None. | ||
| Fees & Charges | |||
| Penalty on all Wdls: | There is not a penalty on all withdrawals. | ||
| Compare | |||
| Products: | www.sainsburysbank.co.uk Savings | ||
