Sainsbury's Cash ISA

Just a head's up after a conversation I had with Sainsbury's bank today.

I was checking the interest rate on my cash ISA following the recent increases but it hadn't changed from the very low level it was at.
I phoned their help desk to query why it hadn't changed and was told that I 'have to contact them to ask for the rate to be reviewed when it increases'.
This was something I've never seen before as every other account I've had always automatically adjusted rates as they changed in either direction.
If I hadn't queried it I would have still been on the same very low rate.

Maybe this is me being naïve and this is normal these days but anyone with a savings account particularly one with Sainsbury's should check what rate they're getting and that it's been increased following the recent changes.

Replies

Sign In or Register to comment.
Latest MSE News and Guides

Boost your Nectar points

Get up to £25 in bonus points

MSE News

Ask an Expert: Scams

Watch MSE Katie's answers to your questions

MSE Forum

Hot Diamonds 40% off code

Including already-reduced outlet stock

MSE Deals