Current interest rates

Balance tiers	Annual interest	Monthly Interest	Monthly Interest
	Gross / AER	AER	Gross
£1 - £2,499	0.10%	0.10%	0.10%
£2,500 - £9,999	0.10%	0.10%	0.10%
£10,000 - £24,999	0.10%	0.10%	0.10%
£25,000 - £99,999	0.10%	0.10%	0.10%
£100,000+	0.10%	0.10%	0.10%

See below for details of rates previously in effect.

	£1 - £2,499	£2,500 - £9,999	£10,000 - £24,999	£25,000 - £99,999	£100,000+
Rate effective 01/05/09
Annual Gross/AER	0.20%	0.25%	0.35%	0.40%	0.40%
Monthly Gross	0.20%	0.25%	0.35%	0.40%	0.40%
Monthly AER	0.20%	0.25%	0.35%	0.40%	0.40%
Rate effective 06/03/09
Annual Gross/AER	0.10%	0.15%	0.20%	0.25%	0.25%
Monthly Gross	0.10%	0.15%	0.20%	0.25%	0.25%
Monthly AER	0.10%	0.15%	0.20%	0.25%	0.25%
Rate effective 09/02/09
Annual Gross/AER	0.25%	0.35%	0.40%	0.45%	0.50%
Monthly Gross	0.25%	0.35%	0.40%	0.45%	0.50%
Monthly AER	0.25%	0.35%	0.40%	0.45%	0.50%
Rate effective 09/01/09
Annual Gross/AER	0.65%	0.75%	0.85%	0.90%	0.95%
Monthly Gross	0.62%	0.72%	0.83%	0.86%	0.91%
Monthly AER	0.62%	0.72%	0.83%	0.86%	0.91%

How to pay in

There are four easy ways to save:

Bank transfer
To transfer your money from your current bank to your Instant Access 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.

• SaveBack
Add to your savings using your debit card while shopping at Sainsbury’s – it’s as easy as getting cashback.

• 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
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

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

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.

A new way of saving

SaveBack from Sainsbury’s Finance is the first ever UK service to let customers save money when they pay at the checkout in Sainsbury's stores.

How can I SaveBack?

Just hand your SaveBack card to the checkout operator and tell them how much you want to save. This amount will be added to your shopping bill. Pay with your debit card. It’s as easy as that. And, of course, you’ll receive a receipt for your deposit.

Why use SaveBack?

• It's quick, convenient and secure.
• It's available whenever the store is open.
• Your money will be credited to your account within two working days.

I’ve got an Instant Access Saver account, but I don’t have a SaveBack card.

If you already have an Instant Access Saver account, but you don’t have a SaveBack card, simply call 08453 055 888 to get one.*

Sainsbury's Instant Access 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

Need to find out more about your Instant Access 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

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/.

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
PO Box 29191
Dunfermline
KY12 2AU

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 Instant Access 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.