Are there any investment limitations?
The minimum initial investment for the account is £2,500. The maximum is £1,000,000. Your total investment is limited to £1,000,000.
What is the easiest way to pay into my savings account?
Many customers find that setting up a standing order from their current account into their savings account is the easiest and most convenient way to pay into their account regularly. Find out how to set up a standing order
Can I have my salary paid into my account?
Yes, just give your employer your sort code and account number and your salary can be paid in directly.
Can an account be opened in trust?
Yes, accounts can be opened in trust but this has to be marked clearly on the application. It is recommended that children under 18 have an account in trust.
Can I discuss my partners account?
To comply with the Data Protection Act, we can only discuss accounts or online registration with the account holder unless a valid Power of Attorney Document has been registered with Sainsbury's Bank.
Can I open my direct saver account with a cheque from someone else's bank account?
Yes you can do this, however we would prefer a cheque drawn on your personal account as this helps us to check your identity. The cheque must be drawn on a UK bank in the name of the applicant.
Is the cheque made payable to Sainsbury's Bank or to me?
Please make the cheque payable to yourself.
Can I set up direct debits or standing orders from my direct saver account?
No, this account is specifically for savings, although you can transfer money into a nominated account in your name, by telephone or by using online servicing.
How can I register for gross interest?
Find out how to register for gross interest.
What if I change my mind?
If you decide within 14 days of making a deposit that the account is not suitable for you we will return you money with any interest you have earned and free of charge. Please contact us on 0845 30 55 888.
What option should I choose for martial status in the application if I'm a civil partner?
You can select a marital status of either single or married depending on your preference.
What browsers are supported by this website?
The standard support browser versions are:
- Internet Explorer v7.0
- Firefox v2.0
- Netscape 6.2+
On Windows platforms only (NT4, 95, 98, ME, 2000, XP) not Macintosh computers
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