UK Sainsburys Loans
1. What does Sainsburys have to offer me?
Sainsbury’s Bank is a leading lender in the UK dealing with loans, savings, credit cards and insurance. For all your mortgage, personal loans or insurance needs, Sainsburys has a program designed to meet your needs. In addition, Sainsburys also deals with child trust finds.
2. What interest rate can Sainsburys offer on a personal loan?
You can get a personal loan from Sainsburys from £1000 to £25,000 for a low interest rate of 6.1%. You will be surprised to see how much you can save over the life of your loan by paying a low rate of interest compared to the higher rates charged by other lenders.
3. What are some of the features of Sainsbury’s personal loans?
When you apply online for a loan from Sainsburys, you will get an instant decision - no waiting for 24 hours to get an agreement in principle. You do not have to make any payments for the first three months of your loan and the money you borrow will be transferred automatically to your bank account.
4. What is the Internet Saver savings account?
This is a savings account in which you can have up to £ 2 million. You must be 18 years old in order to open one of these accounts and you receive 4.75% interest on the account. You can make payments into the account by cheque or by standing order. Sainsburys will send you a supply of pre-printed deposit slips, but you can also transfer money into your account from another account or online.
5. What is an Instant Access Saver Account?
If you are saving to take a holiday or to make a major purchase, this account will help you to do it easier. You can save an amount each week and you earn interest on all your deposits. You have instant access to the account and you can keep track of your savings online.
6. What is a fixed rate saver account?
With this type of savings account, you have to start with at least £3000. Sainsburys has an attractive interest rate for this account – 4.90 % for a fixed period of time. When that date arrives, you will get all of your money back plus the interest it accrued. There is no risk because the principle is always guaranteed and is paid daily.
7. How can I get started with a Child Trust Find?
This Child Trust Fund is in keeping with the government’s initiative for family investment. There is one application form to complete and you can apply online. With this kind of account you can receive annual vouchers from the government in the amount of £250. You can deposit the voucher into the account as well as add to it at any time. The only stipulation with this kind of account is that the child can only withdraw money when he/she reaches 18 years of age.
8. What is the standard credit card from Sainsburys?
With the standard credit card from Sainsburys, you receive an introductory offer of 5.94% on all balances that you transfer to the credit card for the first six months. After that the rate reverts to the normal 15.9%. There is no annual fee with this credit card, nor is there a fee for transferring any balances.
9. What is the Platinum credit card?
With the Platinum credit card, you won’t be charged any interest on your purchases for the first 10 months and only 5.94% on any balance transfers in the first six months. After these periods of time the normal interest rate of 15.9% applies. This card has a minimum credit limit of £3500.
10. How can I get in contact with Sainsburys?
You can apply for credit cards, loans or to open savings accounts directly from the company website at www.sainsburysbank.co.uk. There are many sections of the site where you can find answers to your questions as well as find cheaper ways to get the insurance that you need.
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