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Thursday 09th of July 2009

News Tag: Sainsbury’s Finance

July 2, 2009

Sainsbury’s offers summer discount on car insurance

by David Masters
Sainsbury's offers summer discount on car insurance
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 ...



June 9, 2009

Sainsbury’s pays 2.6% to internet savers

by David Masters
Sainsbury's pays 2.6% to internet savers
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 ...



June 2, 2009

Brits to spend £20bn on used cars

by David Masters
”Brits
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 ...



April 9, 2009

Brits axe insurance payments to save money

by David Masters
”Brits
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 ...



April 6, 2009

Nectar Card holders offered 7.9% personal loan

by David Masters
Nectar Card holders offered 7.9% personal loan
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 ...



March 18, 2009

Only 1 in 25 savings accounts pays 3% interest

by David Masters
Only 1 in 25 savings accounts pays 3% interest
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 ...