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Sainsbury's Bank Internet Saver rate increased to 6.25%

Kazza242
Kazza242 Posts: 2,207 Forumite
Part of the Furniture 1,000 Posts Photogenic Name Dropper
in Savings & investments
Sainsbury's Bank have announced that they will increase their Internet Saver account rate by the full 0.25%, from 6.00% to 6.25%, w.e.f. 1st August 2007.

More details here.
Please call me 'Kazza'.
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Comments

  • sav4it
    sav4it Posts: 199 Forumite
    I was considering Tesco but this could be good too and no need to move after six months.
  • pigback
    pigback Posts: 7 Forumite
    Part of the Furniture Combo Breaker
    My wife tried to transfer money from our Liquid Gold account with the Halifax today & they said the sort code provided by Sainsburys was not on their system, does it need to be a current account
  • jem16
    jem16 Posts: 19,834 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sainsburys Bank sort code is 12-60-60

    I use Halifax Online Banking and set up transfers to "another account with us" That way all transfers are instantaneous.

    I have transferred from a web saver so no it doesn't need to be a current account
  • pigback
    pigback Posts: 7 Forumite
    Part of the Furniture Combo Breaker
    Thanks Jem, set up the account & tried to transfer, doesnt operate after 7pm , try tommorow.
  • jem16
    jem16 Posts: 19,834 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm assuming you mean creating the transfer doesn't work after 7pm as I have just transferred from HBOS to Sainsburys Bank.
  • sav4it
    sav4it Posts: 199 Forumite
    I've asked this somewhere else but does this account let you feed regular savings accounts at other institutions directly please?
  • dippy
    dippy Posts: 290 Forumite
    jem16 wrote: »
    Sainsburys Bank sort code is 12-60-60

    I use Halifax Online Banking and set up transfers to "another account with us" That way all transfers are instantaneous.

    I have transferred from a web saver so no it doesn't need to be a current account

    How can the transfer from a Halifax Web Saver to the Sainsbury's saver be instantaneous? Do they have a special relationship?
  • bristolleedsfan
    bristolleedsfan Posts: 12,917 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dippy wrote: »
    How can the transfer from a Halifax Web Saver to the Sainsbury's saver be instantaneous? Do they have a special relationship?

    halifax and sainsburys use same bankers i believe ;)
  • Shambler
    Shambler Posts: 767 Forumite
    6.25%! glad I've just opened one! :D

    Martin first phrased the term 'Credit Card Tart', I can see myself becoming a 'Savings Account Tart' and moving my savings around to the best interest account.

    I just hope I don't forget where I've stashed it! :rolleyes:

    [edit] I wonder if A&L will raise the rate on the direct saver? (currently 6.1%) otherwise it will be worth my while putting it all in Sainsburys...no access penalties either.
  • jem16
    jem16 Posts: 19,834 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dippy wrote: »
    How can the transfer from a Halifax Web Saver to the Sainsbury's saver be instantaneous? Do they have a special relationship?

    Sainsbury's Bank is part of the HBOS group.

    Transfers from HBOS to Sainsbury's are instantaneous. Transfers from Sainsbury's to HBOS are overnight.
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