Has anyone opened a Sainsbury's Internet Saver account?
Thay are advertising 6%AER
Full Version: Sainsbury's Bank
QUOTE(Samuel Whiskers @ Jul 11 2007, 07:20 PM) 
Has anyone opened a Sainsbury's Internet Saver account?
Thay are advertising 6%AER
Thay are advertising 6%AER
Increasing to 6.25% on 1st August. Just opening one
Me too :-)
F**k off ING!
F**k off ING!
QUOTE(Jimothy @ Jul 12 2007, 08:37 PM)
Me too :-)
F**k off ING!
F**k off ING!
Does anyone know who underwrites them or if they are safe/how many stars etc?
QUOTE(dandare500 @ Jul 13 2007, 01:29 PM)
Does anyone know who underwrites them or if they are safe/how many stars etc?
I have had one of these accounts for over a year now and the interest rate has been growing fatser than the BoE!
Sainsbury's Bank is 50% owned by Sainsbury's and 50% by HBoS.
QUOTE(King Of Fools @ Jul 13 2007, 01:43 PM)
I have had one of these accounts for over a year now and the interest rate has been growing fatser than the BoE!
Sainsbury's Bank is 50% owned by Sainsbury's and 50% by HBoS.
Sainsbury's Bank is 50% owned by Sainsbury's and 50% by HBoS.
That sounds promising, how safe are they for more than £30,000 - I assume more safe than Icesave or the Indian Bank? Where do you go for the points system? Does anyone know?
Cheers Dan
I opened an account with them a month ago, but things aren't going too well because of my complete inability to open an account and know what to do.... I ended up bouncing my deposit cheque as I wrote it on the wrong cheque book for another set of accounts I opened... but that's all sorted now and a new cheque is winging its way to them.
It takes me a long while as I am "No fixed abode" so have to register everything from my parents' address and then they post things back to me every 2 weeks.
Also check out principality - they are just behind Sainsburys. www.principality.co.uk - I'd have a wedge in there too if I hadn't f*cked up the whole "right chequebook" thing. But I will be sticking a lot in there in the next 2-3 weeks now I've got the hang of the accounts where my money currently sits.
It takes me a long while as I am "No fixed abode" so have to register everything from my parents' address and then they post things back to me every 2 weeks.
Also check out principality - they are just behind Sainsburys. www.principality.co.uk - I'd have a wedge in there too if I hadn't f*cked up the whole "right chequebook" thing. But I will be sticking a lot in there in the next 2-3 weeks now I've got the hang of the accounts where my money currently sits.
QUOTE(dandare500 @ Jul 13 2007, 04:37 PM)
That sounds promising, how safe are they for more than £30,000 - I assume more safe than Icesave or the Indian Bank? Where do you go for the points system? Does anyone know?
Cheers Dan
Cheers Dan
pffft the £30k thing... have you TRIED finding enough accounts to put money into and opening them???
QUOTE(ScaredEitherWay @ Jul 13 2007, 09:15 PM)
pffft the £30k thing... have you TRIED finding enough accounts to put money into and opening them???
I see what you mean. That isn't really a realistic way of doing things if you have more than say 100k!
The question is, how safe are HBOS (Hailfax/Bank of Scotland)?
HBOS are AAA rated by Moody's for whatever that's worth. The highest possible rating.
Can anyone advise where we can look at these bank ratings please? Um, sorry but I didnt even know they existed - thanks 
QUOTE(dizzy @ Jul 11 2007, 10:07 PM)
Increasing to 6.25% on 1st August. Just opening one
Annual interest only though. Don't like that
QUOTE(GARCH @ Aug 9 2007, 08:29 PM)
Annual interest only though. Don't like that
Tescos pay monthly and have a better rate of interest (they have to receive your ap. by the 14th though)
see seperate thread for more details
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