Savings support

Find all the support you need to make your savings work for you

Interest rates

Current interest rates

 

£2,500 - £9,999 £10,000 - £24,999 £25,000 - £99,999 £100,000+
0.10% 0.10% 0.10% 0.10%

Rates quoted are AER/gross p.a. Rates are effective from 1st November 2009. If your balance falls below £2,500 your effective rate will be 0.10%

See below for details of rates previously in effect.

Rate change 06/03/09

£1 - £2,499 £2,500 - £9,999 £10,000 - £24,999 £25,000 - £99,999 £100,000+
0.10% 0.35% 0.40% 0.40% 0.45%

Rate change 09/02/09

£1 - £2,499 £2,500 - £9,999 £10,000 - £24,999 £25,000 - £99,999 £100,000+
0.25% 0.80% 0.80% 0.85% 0.90%

Rate change 09/01/09

£1 - £2,499 £2,500 - £9,999 £10,000 - £24,999 £25,000 - £99,999 £100,000+
0.25% 1.30% 1.30% 1.35% 1.40%

Rate change 08/12/08

£1 - £2,499 £2,500 - £9,999 £10,000 - £24,999 £25,000 - £99,999 £100,000+
0.55% 1.60% 1.60% 1.65% 1.70%

All rates quoted are AER/gross p.a. Sainsbury's Bank rates effective until 9th February 2009. 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%.

How to pay in

How to pay in

There are three easy ways to save:

• Bank transfer
To transfer your money from your current bank to your Direct Saver account you'll need your account sort code and account number. If you're registered with Sainsbury's Online Banking you can also find this information on your account summary when you log in.

• Set up a standing order
Top up your savings regularly on a date that suits you each month by setting up a standing order

Post a cheque
We supply you with personalised pay-in slips. Simply, send your cheque, making it payable to yourself with a pay-in slip  to:

Sainsbury's Bank
PO Box 29191
Dunfermline
KY12 2AU

Remember to include your sort code and account number on the reverse of the cheque 

 


Managing your account online

Managing your account online

Register for Sainsbury's Online Banking to securely access your account anytime, anywhere. You can:

  • View your statements online
  • See your transactions for the past 90 days
  • Transfer money to a nominated account **
  • Make payments to your Sainsbury's Credit Card
  • Transfer funds between your Sainsbury's savings accounts
  • Change your address online
  • Check or change your account details
  • Order pay-in slips

Need help?

You can find out more about registering for Sainsbury's Online Banking to access, view and manage your account online in our online support section.

If you’ve forgotten your username or password, you can contact our online help desk.

Online help desk: 0500 40 50 60*
Lines are open:

Monday - Friday 8am -10pm
Saturday & Sunday 8am - 8pm

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls from BT landlines will cost a maximum of 3.36 pence per minute. The price of calls from other telephone companies will vary.
**Transfers to your nominated account may take up to four business days.

Managing your account by phone

Managing your account by phone

  • Check or change your account details
  • Transfer money to your nominated account**

 

If you’ve forgotten your username or password, you can contact our online help desk.

Phone our team: 0500 40 50 60*
Lines are open: Monday-Friday 8am-10pm
Saturday and Sunday 8am-8pm

Our touchtone service is available 24 hours a day, seven days a week.

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls from BT landlines will cost a maximum of 3.36 pence per minute. The price of calls from other telephone companies will vary.
**Transfers to your nominated account may take up to four business days.

Terms and conditions

Sainsbury's Direct Saver terms and conditions

Please read our terms and conditions and privacy statement.

 

Please note: Your documents will launch in a new browser window and they may take some time to download

You can download and print the terms and conditions document with Adobe Acrobat.  Get Adobe Reader

 

 

 


Get in touch

Get in touch

Need to find out more about your Direct Saver account? Why not give us a call now or send us an email.

Who to call:

 

Existing account enquiries: 0500 40 50 60*
Lines are open: Monday-Friday 8am-10pm
Saturday and Sunday 8am-8pm

 

Our touchtone service is available 24 hours a day, seven days a week.

 

Existing account enquiries:
(calling from outside the UK)
+441383 847 088
Lines are open: Monday-Friday 8am-10pm
Saturday and Sunday 8am-8pm

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls from BT landlines will cost a maximum of 3.36 pence per minute. The price of calls from other telephone companies will vary.

Frequently asked questions

Frequently asked questions

How secure is my money?

Sainsbury's Bank plc manages its liquidity and capital base with strong financial processes and controls.  We operate under our own independant banking licence and are authorised and regulated by the Financial Services Authority.  FSA register number 184514. As such, our depositors benefit independently from the protection offered by the Financial Services Compensation Scheme (FSCS).  The FSCS pays compensation up to the limit of £50,000 per person, per institution.   More information on the FSCS is available on its website www.fscs.org.uk/.

Are there any investment limits?

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.

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 I discuss my partner's 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 Finance.

How can I advise Sainsbury's Finance of a change of address?

You can change your address online if you are registered for online servicing.

Existing account enquiries: 0500 40 50 60*
Lines are open: Monday-Friday 8am-10pm
Saturday and Sunday 8am-8pm

Or by writing to us at
Sainsbury's Bank
PO Box 29191
Dunfermline
KY12 2AU

How can I change the account holders on my account?

 

Write to us at:

Sainsbury's Bank,
Teviot House,
41 South Gyle Crescent,
EDINBURGH,
EH12 9BD

How will you advise me about rate changes?

In line with the Banking Code, whenever our rates change we will let you know by:

  • Updating our website
  • Publishing our new rates in at least three national daily newspapers
  • Or by writing to you

Do I make the cheque payable to Sainsbury's Finance or to myself?

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.

Which browsers are supported by this website?

The standard support browsers are:

  • Internet Explorer v7.0
  • Firefox v3.0

On Windows platforms only (NT4, 95, 98, ME, 2000, XP, Vista), not Mac computers.

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls from BT landlines will cost a maximum of 3.36 pence per minute. The price of calls from other telephone companies will vary.

Sainsbury's Supermarkets Limited is an appointed representative of Sainsbury's Bank plc.

Sainsbury's Bank plc, Registered Office 33 Holborn, London EC1N 2HT (registered in England no. 3279730) is authorised and regulated by the Financial Services Authority (FSA). Registered number 184514.