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Extra Saver – Savings Accounts

1.30% AER/gross p.a. (variable) on balances of £1 - £500,000

What is our Extra Saver account?

The Sainsbury’s Bank Extra Saver Account  with no withdrawal restrictions. This means that you can access your money at any time. You can make a withdrawal through online banking or by using our telephone service.

Open with just £1 and pay money into the account through a standing order, cheque, or by transferring funds from another Sainsbury’s Bank savings account.

You’ll earn interest on the money in your account every day, and this interest will be paid to you once a year – on the date that you opened the account.

Find out more about our Extra Saver account below before you start your application.

Frequently asked questions

How does an Extra Saver account work?

You can set up a Sainsbury’s Bank Extra Saver account with just £1. You will have access to your savings at all times and there are no withdrawal restrictions. You’ll earn interest every day and this will be paid each year on the date that you opened the account.

Is the Extra Saver account right for me?

If you require a flexible and convenient account, the Extra Saver might be suitable for you. It provides competitive interest rates, while also offering the advantage of no limitations on withdrawals. However, its suitability depends on individual requirements and situations.

Can I withdraw money from my Extra Saver account?

Yes, you can transfer money from your Extra Saver account to a current account in your name with a bank or building society. You can make a withdrawal via electronic transfer using our online banking service or by calling us.

How can I manage my Extra Saver account?

You can manage your Extra Saver account through our online banking or by using our telephone service. You will be able to pay money into your account, make a withdrawal and pay in your minimum deposit.