News Tag: Sainsbury’s Finance
December 9, 2009
Demand for second hand cars is in decline as consumers increasingly opt to buy new models under the car scrappage scheme.
Research by Sainsbury's Finance found 8% of adults plan to buy, or have bought, a used car between September 2009 and February 2010.
This is compared to the 10% of consumers who planned a used car purchase between March and August ...
Scrappage scheme dents demand for used cars
by David Masters
October 17, 2009
Supermarket finance is set to make significant gains in market share over the coming months, lovemoney.com said this week.
The financial advice site made the claim after Tesco Personal Finance re-branded as Tesco Bank.
Ed Bowsher, lovemoney.com's head of personal finance, said the renaming signals the beginning of a marketing offensive by Tesco on financial products.
"I think Tesco is going to become a ...
Tesco Bank to gain market share
by David Masters
August 14, 2009
The number of credit cards offering rewards to consumers has fallen by 11% in the past 12 months, research by Sainsbury's Finance has discovered.
In 2008, 78% of credit cards on the market offered a rewards scheme.
This figure has now dropped to 11%.
The rewards on offer have also changed, Sainsbury's found, with air miles and loyalty points replacing cashback deals and shopping vouchers.
Over ...
Credit card reward schemes dropping
by David Masters
July 2, 2009
Sainsbury's is offering 12 months car insurance for the price of ten this summer.
Motorists taking an insurance policy with the supermarket financial provider before 31st August 2009 will receive 2 months cover free.
Customers who take out the policy online will receive an extra 10% discount.
Features of the policy include compensation for vehicle vandalism and road rage, and the replacement of ...
Sainsbury’s offers summer discount on car insurance
by David Masters
June 9, 2009
Savers looking to open a new account this month can secure a 2.6% interest rate with the Sainsbury's Finance Internet Saver account.
For Internet Saver accounts opened between 9th and 30th June, the supermarket financial provider will pay 1.85% above the account's standard interest rate for 12 months, provided the account holder does not make more than three withdrawals in that period.
Savers ...
Sainsbury’s pays 2.6% to internet savers
by David Masters
June 2, 2009
One in ten UK adults will buy a second-hand car this summer, each spending an average of nearly £4,500.
With 4.5 million drivers forking out cash for a used car between March and August 2009, the second-hand market could be worth more than £20 billion.
However, this represents a 21% decrease in spending compared to the previous six month period, and a ...
Brits to spend £20bn on used cars
by David Masters
April 9, 2009
Millions of people in the UK have cancelled or reduced their insurance policies in a bid to save money as the recession bites.
Research from Sainsbury's Finance found that nearly 950,000 Brits have either given up or cut down their home contents insurance, whilst an additional 700,000 have reduced or stopped payments for their buildings protection.
Life insurance policies have also been ...
Brits axe insurance payments to save money
by David Masters
April 6, 2009
Supermarket bank Sainsbury's Finance is offering loyal customers a lower rate of interest on personal loans.
Holders of the Sainsbury's Nectar loyalty card are now being offered a typical APR of 7.9% for loans between £5,000 and £15,000, if they apply online.
This is compared to a rate of 8.1% for non-Nectar card holders.
However, anyone looking to take advantage of the lower ...
Nectar Card holders offered 7.9% personal loan
by David Masters
March 18, 2009
Fewer than 4% of instant access savings accounts pay AER at 3% or above, according to new research from Sainsbury's Finance.
A survey of accounts by the supermarket bank found that just 14 of the 367 instant access accounts currently available in the UK pay interest of 3% or more on balances of £5,000.
The average interest rate paid by ...
Only 1 in 25 savings accounts pays 3% interest
by David Masters
