Finance
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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% |
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% |
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 |
**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.
**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.
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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 |
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?
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- Internet Explorer v7.0
- Firefox v3.0
On Windows platforms only (NT4, 95, 98, ME, 2000, XP, Vista), not Mac computers.