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Internet Saver How it works Apply
5.50% AER / Gross p.a.


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It's straight forward and only takes a few minutes



How it works


 

Manage your money online and make the most of your savings.


 

There are a number of easy ways to pay in:


It's also good to know we don't limit your savings. You can save up to £2m with Internet Saver.

Access your money at any time by:

  • Transferring money to your nominated accounts*
  • Making transfers to other Sainsbury's Bank accounts which are registered with our online service.

 

It's really easy to manage your account:

  • Access the account whenever you want via the internet, 24 hours a day, 365 days a year
  • View your account and keep up to date with interest rate changes online
  • Interest is calculated daily and paid annually on anniversary of account opening.

*Transfers to your nominated account can take up to 4 business days.

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 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 lower rate tax at 20%.  Variable interest paid annually.  Withdrawals are by transfer to another account only.


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Frequently asked questions
How to pay in
Previous interest rates
Standing order
Important information
Power of attorney
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We also do...

Instant Access Saver
Direct Saver
Premier Saver
Child Trust Fund
Deposit Services



Sainsbury's Finance is a trading name of Sainsbury's Bank plc. Sainsbury's Bank, registered office 33 Holborn London EC1N 2HT
(registered in England no. 3279730) is authorised and regulated by the Financial Services Authority.