Sainsbury's Finance has launched an Internet Saver special offer that provides investors with a rate of 2.8 per cent gross/AER (variable).

Sainsbury's Finance Internet Saver will pay a higher rate (2.05% above the account's standard rate), on all Internet Saver balances opened between 1st and 31st July 2009, providing the saver does not make more than three withdrawals a year.

 If the number of withdrawals exceeds three during a 12-month period or the balance falls below £1,000 the interest rate reverts to the account's standard rate of interest, currently 0.75 per cent gross/AER.

The offer is available to those customers opening an account with deposit balances from £1,000 up to £500,000. For more information, call 0500 40 50 60 or visit www.sainsburysfinance.co.uk.