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Current interest ratesOur tiered savings interest rates mean the more you save the more you earn. You can also choose whether you want to receive your interest monthly or once a year at the end of February to achieve a slightly higher savings account interest rate.
Rate promise At Sainsbury's Bank, your money will benefit from attractive savings interest rates. That's because we're setting our savings account interest rates above the average of our competitors' equivalent products, right up until 31st December 2010. Our savings interest rate promise guarantees that the annual interest rate on Instant Access Saver account will be higher than the average savings interest rate, based on our comparison basket of 300 equivalent accounts. This comparison is sourced from Moneyfacts on a monthly basis. Moneyfacts is an independent financial company. Not a taxpayer? If you're a non taxpayer, you will need to complete an R85 form in order to receive your gross savings interest. (Rates as quoted above). If you apply online or by telephone and you are a non tax payer you will receive an R85 from us by post. *Gross per annum rate represents the contractual rate of interest paid without the deduction of income tax at the rate specified by law to eligible non-taxpayers. |
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