eSaver Special

1.30% AER/gross variable

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Terms & conditions

Minimum deposit £1,000

Key benefits

Key benefits of Sainsbury's eSaver Special - our non bonus online account

  • 1.30% AER/gross pa (variable)
  • Great, non-bonus rate
  • Save between £1,000 - £100,000
  • Open your savings account in minutes
  • Interest paid annually
  • Make payments into your savings account online or with SaveBack in store
  • Manage your account whenever you want, 24 hours a day, 365 days a year
  • Unlimited withdrawals with no notice period


We are covered by the Financial Services Compensation Scheme

Apply for your savings account now

It's quick and easy to apply for a Sainsbury's eSaver Special savings account. 

Please read our terms and conditions before applying.

Find out more

More information about Sainsbury’s eSaver Special - our online access savings account

Interest rates to help you save

Earn 1.30% AER/gross variable on savings between £1,000-£100,000

Interest rateAnnual AER / Gross p.a.Net p.a.
£1 - £9990.50%0.40%
£1,000-£100,0001.30%1.04%
£100,001+0.50%0.40%
Rates effective from 18th June 2014.

AER stands for annual equivalent rate and illustrates what the interest would be if interest was paid and compounded each year. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%). Net is the rate of interest paid after the deduction of basic rate tax at 20%. Interest is calculated daily and credited to your account annually.
Please see the summary box for the key product information on our eSaver Special account.

Make the most of your savings

Open and deposit between £1,000 and £100,000 to enjoy 1.30% AER/gross variable. If you save less than £1,000 or over £100,000 you'll earn our lower rate of 0.50% AER/gross variable on the full balance.

Interest paid annually

Interest is calculated daily and paid annually on the anniversary of the date the account was opened

How to pay in

Make payments online or save using our unique deposit service at main Sainsbury's stores with SaveBack. You can also pay in by post, by sending us a cheque made payable to yourself to:

Sainsbury's Bank
PO BOX 29191
Dunfermline
KY12 2AU

Manage your account online

Manage your account and check your balance online at your convenience, 24 hours a day, 365 days a year.

For further information on Sainsbury's eSaver Special Account:

Apply now

Applying for a Sainsbury’s eSaver Special savings account takes just a few minutes.

You're eligible to apply if you:

  • Have a permanent UK address
  • Are over 18 years of age

You will need the following information ready to apply:

  • Personal details - date of birth, address, nationality, email address and occupation
  • Security details – place of birth, first school attended, mother’s maiden name

Applying for a Joint account?

You will be required to provide the above information for both parties to complete your application in joint names.

Have you read the terms & conditions?

Before applying please read our terms and conditions.

Summary Box

Key product information for our eSaver Special savings account

Account nameeSaver Special
Interest rates (AERs) An interest rate of 1.30% AER/gross. Open an eSaver Special account and deposit between £1,000 and £100,000. If your account is below £1,000 or above £100,000, the rate of 0.50% AER/gross variable will apply on the full balance.
Tax statusInterest is paid net of tax at the prevailing rate (currently 20%) To register for gross interest please call us on 0500 40 50 60*.
Conditions for bonus paymentNo bonus available on this account.
Withdrawal arrangementsWithdrawals are by electronic transfer via Sainsbury's Online Banking Service. Withdrawals are by transfer to another account only. No withdrawal restrictions or charges.
Access Online


Gross rate:
The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).

AER: AER stands for annual equivalent rate and illustrates what the interest would be if interest was paid and compounded each year.

Net: is the rate of interest paid after the deduction of basic rate tax at 20%.

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline only.

Ts & Cs

Sainsbury’s eSaver Special savings account - terms & conditions

Please read our terms and conditions (PDF 141KB) and privacy statement before applying for your savings account. 
    
You can download and print the terms and conditions document with Adobe Acrobat.  Get Adobe Reader.

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Apply for your savings account now

For questions

Call 0500 40 50 60 *

Send an email

More phone options

Lines are open: Mon - Fri 8am-10pm, Sat - Sun 8am-6pm

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline only.

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