Extra Saver

1.20% AER/gross variable

Apply for your savings account now:

New customers apply

Existing customers apply

Minimum deposit £1

Terms & conditions

Key benefits

Extra Saver - our easy access savings account

  • One great rate of 1.20% AER/gross pa (variable)
  • Save between £1 - £100,000
  • Open your savings account in minutes
  • Interest paid annually
  • Make payments into your savings account online, by phone or with SaveBack
  • No withdrawal restrictions
  • Available to new and existing customers

Rates effective from 7th March 2014.

Apply for your savings account now

It's quick and easy to apply for a Sainsbury's Extra Saver savings account.

Please note, to set up an account you need to be:

  • a UK resident; and 
  • 18 years old or over.

Please have the following details to hand before you call:

  • Your addresses and postcodes for the last 3 years; and
  • Your National Insurance number or Tax Identification Number (for Non UK tax resident).

Call us now on 0800 028 5269 * or apply online. 

Please read our Summary Box and terms and conditions before applying.

We are covered by the Financial Services Compensation Scheme

Find out more

Extra Saver - our easy access savings account

Interest rates to help you save

Interest rateAnnual AER / Gross p.a.Net p.a.
£1-£100,0001.20%0.96%
£100,001+0.50%0.40%
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. Rates effective from 7th March 2014.


Please see the summary box for the key product information on our Extra Saver account.

Extra ways to manage your account'

You can apply and manage your savings either online or over the phone. Make quick and easy payments through our Online Banking Service or by calling our call centre. Save using our unique deposit service at main Sainsbury's stores with SaveBack.

Apply now

It takes minutes to apply for a Sainsbury's Extra Saver savings account

You're eligible if you:

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

To apply you will need the following information:

  • 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.

Applying for an In Trust Account?

In Trust Accounts cannot be opened online, if you are wanting to open an In Trust account please call us on 0800 028 2569 and one of our colleagues will be happy to help you.

Have you read the terms & conditions?

Before applying please read our terms and conditions.

Apply online or by phone

Or call freephone on 0800 028 5269. Calls may be recorded.

Summary Box

Key product information for our Extra Saver account

Account nameExtra Saver
Interest rates (AERs) Variable interest - currently 1.20% AER/gross. Open an Extra Saver account and deposit between £1 and £100,000. If your account goes above £100,000, the rate of 0.50% AER/gross 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 or telephone service centre. Withdrawals are by transfer to another account only. No withdrawal restrictions or charges.
Access Telephone and 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 Extra Saver 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

Call us on 0800 028 5269* or apply online.

*Calls may be recorded

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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