
Sainsbury’s have today reduced the AER on their ‘High-interest saver’ from 6.00% to 5.75%.
This is likely to be as a result of the recent 0.25% drop in the Bank of England base rate earlier this week.
However, if you hold this account, don’t be put off by the drop in AER. Sainsbury’s deal is still a generous 0.50% above the Bank of England base rate, which now stands at 5.25%.
If you have previously taken out the account with a higher AER, the interest rate guarantee will mean that you will receive at least this rate until December 2010.
View more information on our Sainsbury’s 'High-interest saver' page

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