Savings Accounts
to suit your
future plans

Compare our savings accounts

Whether you're saving for something important, or just want to put some money away for a rainy day, we offer a wide range of savings accounts that could be suitable for you.

Our savings products are covered by the Financial Services Compensation Scheme.

Cash ISA

Cash ISA
  • Allows transfers in

  • Save £15,240 tax free per annum

Find out more

eSaver Special

Manage Online
  • Open from £1

  • Unlimited Withdrawals

Find out more

Fixed Rate Saver

Fixed Rate Saver
  • Fixed interest rate

  • Access on maturity

Find out more

Interest Rate 1.30% AER / tax free p.a. (variable) on balances of £500+ 0.85% - 1.15% AER/Gross p.a. variable on balances of £1,000 - £500,000 Up to 1.70% AER / Gross p.a.
Manage Online
Manage by Phone
Withdrawals Unlimited* Unlimited None allowed until maturity
Interest paid Annually Annually Monthly or Annually
Minimum deposit £1 £1 £5,000
Maximum deposit £15,240 as per 2016/17 annual allowance N/A £200,000
Term N/A N/A 1 - 3 years
SaveBack
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Important Information
Savings accounts are available from Sainsbury’s Bank to UK residents aged 18 years old or over. Sainsbury’s Bank reserves the right to alter rates at any time.

*If you have paid in your full allowance, any amount you withdraw cannot be replaced during the same tax year.

Gross interest is the interest rate paid with out the deduction of income tax. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year. Tax-free is the interest rate payable where interest is exempt from income tax.

The tax treatment of savings interest changed from 6 April 2016. Find out more.

SaveBack
SaveBack from Sainsbury’s Bank allows customers to deposit money when they pay for their shopping using a debit card in all the main Sainsbury’s stores. This feature is available on our Extra Saver account (account subject to availability). There’s no limit to the number of SaveBack deposits you can make. You can save up to £2,500 at the checkout and up to £9,000 with a supervisor. Not available at Sainsbury’s Local stores. SaveBack is available at all main Sainsbury’s stores during opening hours.

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