High Interest Savings Account

Internet Saver 5.50% AER/gross p.a.

For a confident return with no catches

With our Internet savings account, what you see is what you get, it's easy to open and manage your savings with no hidden catches.

Take control of your finances:

• No withdrawal restrictions
• Open with £1 or more 
• No short lived bonus rate 
• Great rate of 5.50% AER (variable) 
• Online servicing ensures you can access your account at any time 
  
  

See our summary box for the facts and figures.

How do I pay money in?

Sainsbury's Internet Saver account has achieved 'Moneyfacts - Trust It'  status for offering a consistently good rate over 36 months.

So you can be confident that you have found the best home for your money, without having to continuously chase the best rates in the market. And unlike some comparison sites, Moneyfacts.co.uk is completely independent and impartial, which makes this an achievement we are really proud of.

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

You can even open multiple accounts for specific purposes such as a 'Holiday' or a 'New Car' so it's easy for you to keep track of exactly how much you have saved in each account.

	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.