Sainsbury's ups rate on eSaver Special savings account

Sainsbury’s Bank has increased the interest rate on its online easy access savings account, eSaver Special from 2.75 per cent to 2.90 per cent.

The rate increase takes effect from April 19th and applies to savers who have a balance of between £1,000 and £100,000.

The account does not have a bonus rate so savers will benefit from this rate for the duration of their investment in this savings account unless Sainsbury’s announce further changes to the rate.

The eSaver Special account can be opened and managed online and is available to new and existing Sainsbury’s customers for single and joint applications. Interest is paid annually.

Helen Cook, Head of Savings at Sainsbury’s Bank 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.”

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