Nectar, the points earning option for Sainsbury’s is offering a novel deal for people who do not need their points for a while. In fact not very long.

If you deposit some or all of your Nectar points in to their ‘Hive’ you can earn ‘interest’ at a rate of 10% per annum, credited weekly to your Hive account.

Bearing in mind that Sainsbury’s is slashing earning from next year, this is a modest chance to increase your balance.

The system credits the points to Hive immediately but can take 24 hours to re-credit.

My first week’s ‘interest’ posted yesterday.

More information can be located here.