Extra Saver

0.55% - 0.85% AER/gross p.a. (variable)
on balances of £1 - £500,000

expanded Key benefits

Extra Saver - our easy access savings account

Open your account with just £1 and save for the future with the flexibility of no withdrawal restrictions, meaning you can access your money quickly and conveniently at any time.

Key benefits

  • Earn 0.55% - 0.85% AER/gross p.a. (variable) on balances of £1 - £500,000
  • Open your account with just £1
  • Manage your account 24/7 with online banking
  • No withdrawal restrictions

Additional benefits

  • Save up to £500,000
  • Deposit funds with online banking, by phone or with SaveBack
  • Available to new and existing customers
  • Apply in minutes

Interest rates to help you save

Savings balance Annual AER / Gross p.a.
£1-£14,999 0.55%
£15,000-£29,999 0.70%
£30,000-£500,000 0.85%
£500,001+ 0.50%

Interest is calculated daily and credited to your account annually. These rates are subject to change and may be withdrawn at any time. Rates effective from 8th September 2016.

Apply for your savings account now

It's quick and easy to apply for a Sainsbury's Extra Saver savings account.

Please note, to set up an account you need to be:

  • a UK resident; and 
  • 18 years old or over.

The tax treatment or rate of interest payable depends on the individual circumstances of each customer and may be subject to change in the future.

Apply now Retrieve an application

Financial Services Compensation Scheme

All of our savings products are covered by the Financial Services Compensation Scheme(FSCS). For further information about the compensation provided by the FSCS visit www.fscs.org.uk new window

Protecting your money - A guide from the FSCS (PDF, 1.71Mb,) new window

Important Information

Savings accounts are available from Sainsbury’s Bank to UK residents aged 18 years old or over. Sainsbury’s Bank reserves the right to alter rates at any time.

Gross interest is the interest rate paid with out the deduction of income tax. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year. 

The tax treatment of savings interest changed from 6 April 2016. Find out more.

Apply now

It takes minutes to apply for a Sainsbury's Extra Saver savings account

You're eligible if you:

  • Have a permanent UK address
  • Are over 18 years of age

To apply you will need the following information:

  • Personal details - date of birth, address, nationality, email address and occupation
  • Security details – place of birth, first school attended, mother’s maiden name

Applying for a Joint account?

You will be required to provide the above information for both parties to complete your application in joint names.

Applying for an In Trust Account?

In Trust Accounts cannot be opened online, if you are wanting to open an In Trust account please call us on 0800 028 5269 and one of our colleagues will be happy to help you.

Have you read the terms & conditions?

Before applying please read our Terms and Conditions and our Privacy Statement.

Apply online or by phone

Apply now Retrieve an application

Or call freephone on 0800 028 5269*.

Summary Box

Key product information for our Extra Saver account

Account name Extra Saver
Interest rates (AERs)

See our interest rates for full details

Tax status† Interest is paid without the deduction of tax.
Conditions for bonus payment No bonus available on this account.
Withdrawal arrangements Withdrawals are by electronic transfer via Sainsbury's Online Banking Service or telephone service centre. Withdrawals are by transfer to another account only. No withdrawal restrictions or charges.
Access Telephone and online

Gross interest is the interest rate paid with out the deduction of income tax. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year.

†The tax treatment of savings interest changed from 6 April 2016. Find out more.

Important Information

Savings accounts are available from Sainsbury’s Bank to UK residents aged 18 years old or over. Sainsbury’s Bank reserves the right to alter rates at any time.

For questions

  • Call 08085 40 50 60 **
  • Send an email
  • More phone options
  • Lines are open: Mon – Fri 8am–10pm, Sat - Sun 8am–6pm

    **Telephone calls are free from a landline only and may be recorded for security purposes and monitored under our quality control procedures.

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