Extra Saver - our easy access savings account
- Earn up to 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
Interest rates to help you save
|Savings balance||Annual AER / Gross p.a.||Net p.a.|
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 20th November 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).
Apply online or call us now on 0800 028 5269 *.
We are covered by the Financial Services Compensation Scheme
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 5269 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*.
Key product information for our Extra Saver account
|Account name||Extra Saver|
|Interest rates (AERs)|
|Tax status||Interest 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 payment||No bonus available on this account.|
|Withdrawal arrangements||Withdrawals 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%.
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.
Apply for your savings account now
Apply online or call us on 0800 028 5269*