Finance
Skip to contentExtra
Extra Saver - our easy access savings account
- One great rate of 2.50% AER/gross pa (variable) effective from 15th May 2012
- 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
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 Extra Saver savings account. Call us now on 0800 028 5269* or apply online.
Please read our terms and conditions before applying.
*Calls may be recorded
Extra Saver - our easy access savings account
Interest rates to help you save
Interest rate | Annual AER / Gross p.a. | Net p.a. |
£1-£100,000 | 2.50% | 2.00% |
£100,001+ | 0.50% | 0.40% |
Rates effective from 15th May 2012
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 Extra Saver account.
Save from as little as £1
Open and deposit between £1 and £100,000 to enjoy 2.50% AER variable. If you save over £100,000 you'll earn our lower rate (currently 0.50% AER).
Interest paid annually
Interest is calculated daily and paid annually on the anniversary of the date the account was opened
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.
For further information on Sainsbury's Extra Saver Account:
Applying for a Sainsbury’s Extra Saver 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
Apply online or by phone:
- Click on the apply now button below to apply online
- Or call freephone on 0800 028 5269. Calls may be recorded.
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.
Key product information for our Extra Saver account
| Account name | Extra Saver |
| Interest rates (AERs) | Variable interest - currently 2.50% AER. 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 will apply on the full balance. |
| 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. |
| 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.
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
Call us on 0800 028 5269* or apply online.
*Calls may be recorded
Can we help?
Why not try our customer support section, frequently asked questions or alternatively you can send us an email.
