2.80% AER - our new variable special offer rate

- deposit between £1,000 and £500,000

- up to 3 withdrawals

- apply & deposit into your account before 31st July 2009

Make the most of our new special offer and your savings. Open and fund an Internet Saver account today and receive our variable special offer rate for 12 months, currently 2.80% AER,  from your account opening date, and make up to 3 withdrawals during the 12 month period.

When you open your account, your first deposit must be between £1,000 and £500,000.

If you make 4 or more withdrawals, or your account falls below £1,000 or goes above £500,000, during the 12 month period, you will then receive our standard Internet Saver rate from that date. See table below for rates.

Make the most of your money

• It's quick and easy to apply and you can access your account online
• Open an account and make your first deposit between £1,000 and £500,000 before 31st July 2009 to receive our variable special offer rate for 12 months, currently 2.80% AER
• This variable special offer rate applies from your account opening date 
• Interest paid annually
• Recognised with Moneyfacts Trust It status for a consistent rate over 36 months

	Interest rate	AER/gross p.a.	Net
	Internet Saver with variable special offer rate on balances between £1,000 and £500,000 *	2.80%	2.24%
	Standard Internet Saver on balances under £1,000 and over £500,000 **	0.75%	0.60%

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

*With effect from 1st July 2009.

Internet Saver variable special offer rate conditions: This offer is only available for a limited period and may be withdrawn at any time. This Internet Saver special offer is available from 1st July to 31st July 2009. For qualifying Internet Saver accounts opened and funded during this special offer period, this variable special offer rate will apply for 12 months, currently 2.80% AER/gross pa, from your account opening date. Your first deposit must be between £1,000 and £500,000.  If you make 4 or more withdrawals or your account falls below £1,000 or goes above £500,000, during the 12 month period, the standard Internet Saver interest rate will apply from the date of your 4th withdrawal, or the date your account falls below £1,000 or goes above £500,000 (whichever is earliest).   

See our summary box for the facts and figures.

How do I pay money in?

Your online savings account

Once you've registered, you can access your internet savings accounts online anytime, day or night. Our online savings accounts servicing is totally secure and puts you in control of your money.

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

You can be confident that you have found the best home for your money, without having to continuously chase the best savings 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.

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.