Good news for savers; Sainsbury’s Bank has increased the interest rate on its easy-access eSaver Special account for both new and existing customers.
The lender has raised the rate from 2.75 per cent to 2.9 per cent on all accounts with balances of between £1,000 and £100,000, leaving customers safe in the knowledge that they’re getting a good return on their savings .
The eSaver Special product from Sainsburys Bank is an online, easy-access account. Joint and single applications are accepted and interest is paid on an annual basis.
Helen Cook, head of savings at the lender, said: “The eSaver Special is an exciting addition to our range of savings products . It is a straightforward non-bonus account, without restrictions, offering an attractive return.”
“With so many different accounts available with short-term bonus rates and restrictions, it’s important to shop around for one that’s right for you,” she added.
“Analysis of Moneyfacts data shows that 29 per cent of no notice accounts (currently available) pay less than 0.5 per cent Gross AER.”
