Best Buy's highly-rated pressure cooker is on sale for less than $40

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If you like to cook and want to save time in the kitchen, you might want to head over to Best Buy. For its deal of the day on Jan. 29, you can score major savings on one of the retailer's highly-rated pressure cookers.

For a limited time, you can get the Insignia 8-Quart Multi-Function Pressure Cooker for less than $40. Like most pressure cookers, this one can cook a wide variety of dishes in a shorter time than regular cookware.

Shop: Insignia™ - 8-Quart Multi-Function Pressure Cooker - Stainless Steel, $39.99 (Orig. $119.99)

Now what makes it special are the 12 preset cooking functions and 8-quart inner pot. With these, you can cook both big and small dishes, and have the room to do it. For example, there's a setting for chicken, steak, rice and even cake!

You can also control the time you want to cook something with the delay timer featue. This allows you to schedule a time in advance for the pressure cooker to turn on, which is great if you have a day of errands ahead.

One reviewer raved about it cutting down their cooking time: "In the first week I owned this I made beef stew, chicken and dumplings, and then chicken noodle soup. It generally took me longer to do the prep work than it took to cook the meal."

Another reviewer gave it high marks for its ability to cook frozen foods: "When these products first hit the market, I was hesitant to try one. Considering I already owned a crock pot and a pressure cooker, I didn’t see the reason or the need to get one. Then I kept hearing all the spectacular reviews and decided I needed to see for myself. I am so glad I did! It takes the best of both of my other appliances and combines them into one. Cool time is greatly reduced. Unlike my other pressure cooker, I can cook frozen food, which further reduces time and trouble since I don’t have to defrost. There are so many cooking options that I’d have to write a small book to detail them all. Needless to say I love my cooker and couldn’t imagine my kitchen without it.

Be sure to check out Best Buy's full collection of pressure cookers on sale.