Sainsburys Internet Saver
High Interest

Compare the Sainsburys Internet Saver (High Interest) with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.secured investing account
Sainsburys This Product Is No Longer Available

Sainsburys no longer offer the "Internet Saver (High Interest)".

You can find an alternative savings by selecting one of the following options;

For comparison, here are the details of the Sainsburys Internet Saver (High Interest) before it was withdrawn:

Savings Details 
Account Type:Instant Access
Rate Type:The type of interest rate is variable.
Headline Interest Rate:The headline interest rate is 4.00% 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.
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 £5000.
Maximum Investment:The maximum investment is £100000
Minimum Balance:The minimum balance is £5000.
Open to UK Residents:This product is available to UK residents.
Introductory Rates 
Introductory Bonus:
An introductory bonus is payable

  Gross Rate   Gross Rate   AER
  Excluding Bonus Including Bonus
£5,000   3.50%    4.00%   4.00%
Incentives Offered:There are no free gifts or incentives offered with this account.
Rates 
Tax Free:This product is not tax free.
Open-ended Bonus:No open-ended bonus payable.
Bonus Payment Conditions:
Bonus Conditions -
A 12 month introductory bonus is payable subject to no more than 6 withdrawals in the 12 month period. A reduced interest rate will also be payable if the balance falls below £5,000 or exceeds £100,000.
Rate Tiers:
  Gross Rate   Gross Rate   AER
  Excluding Bonus Including Bonus
£5,000   3.50%    4.00%   3.50%
Interest Payment Freq:Interest is paid annually.
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 cannot be made by telephone.
Transactions by Internet:Transactions can be carried out via the internet.
Transactions by Post:Transactions can be made by post.
Special Access:A 12 month 0.50% introductory bonus is payable subject to no more than 6 withdrawals in the 12 month period
Withdrawal Conditions:Withdrawal Conditions -
A 12 month 0.50% introductory bonus is payable subject to no more than 6 withdrawals in the 12 month period.
Fees & Charges 
Penalty on all Wdls:There is not a penalty on all withdrawals.
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