Sainsbury's Online Saver Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Existing Customer Only |  | no | No | ||
| New Money Only | | no | Not applicable. | ||
| Minimum Initial Investment | | £1,000 | The minimum investment is £1000. | ||
| Minimum Age | | 18 years | The minimum age is 18 years. | ||
| Introductory Rates: | |||||
| Introductory Bonus | | 0% | No introductory bonus payable. | ||
| Rates: | |||||
| Rate Type | | variable | The type of interest rate is variable. | ||
| Headline Interest Rate | | 3.20% | The headline interest rate is 3.20% AER. | ||
| Interest Rate Step 2 | | 0.5% | The interest rate is 0.50% AER. | ||
| Rate Tiers | | see details | Gross Rate Gross Rate AER Excluding BonusIncluding Bonus £1,000 3.20% 3.20%3.20% ...expand | ||
| Tax Free | | no | This product is not tax free. | ||
| Interest Payment Frequency | | annually | Interest is paid annually on the last working day in February. | ||
| Initial Rate Period | | 12 months | The initial rate is payable for 12 months. | ||
| Children's Savings: | |||||
| Children's Savings Account | | no | no | ||
| Account Access: | |||||
| Account Type | | Instant Access | Instant Access | ||
| Opened Online | | yes | This account can be opened via internet | ||
| Online Access | | yes | Transactions can be carried out via the internet. | ||
| Opened at Branch | | no | This account cannot be opened at a branch. | ||
| Branch Access | | no | Transactions cannot be made in-store at a Sainsbury's branch. | ||
| Opened by Phone | | no | This account cannot be opened by telephone. | ||
| Phone Access | | no | Transactions cannot be made by telephone. | ||
| Opened by Post | | no | Account cannot be opened by post. | ||
| Postal Access | | yes | Transactions can be made by post. | ||
| Account Management: | |||||
| Instant Access to Savings | | yes | This is an instant access account. | ||
| Minimum Balance | | £1,000 | The minimum balance is £1000. | ||
| Minimum Withdrawal | | £1 | The minimum withdrawal is £1. | ||
| Maximum Number of Withdrawals | | 3 withdrawals | The maximum number of withdrawals permitted per year is 3 to earn the cited interest rate. | ||
| Withdrawal Conditions | | no | Withdrawal Conditions - None. | ||
| Additional Information | | none | There is no additional information. | ||
| Available to Trustees | | yes | Account available to trustees. | ||
| Fees & Charges: | |||||
| Penalty on All Withdrawals | | no | There is not a penalty on all withdrawals. | ||
