Savings Accounts
to suit your
future plans

Compare our savings accounts

Whether you're saving for something important, or just want to put some money away for a rainy day, we offer a wide range of savings accounts that could be suitable for you.

Our savings products are covered by the Financial Services Compensation Scheme.

Extra Saver
Extra Saver
  • Open from £1
  • Unlimited Withdrawals
Cash ISA
Cash ISA
  • Allows transfers in
  • Save £15,240 tax free per annum
Fixed Rate Saver
Fixed Rate Saver
  • Fixed interest rate

  • Access on maturity

Interest Rate 0.55% - 0.85% AER / Gross p.a. (variable) on balances of £1 - £500,000 0.80% AER / tax free p.a. (variable) on balances of £500+ Up to 1.20% AER / Gross p.a.
Manage Online
Manage by Phone
Withdrawals Unlimited Unlimited* None allowed until maturity
Interest paid Annually Annually Monthly or Annually
Minimum deposit £1 £1 £5,000
Maximum deposit N/A £15,240 as per 2016/17 annual allowance £200,000
Term N/A N/A 1 - 3 years
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Important Information
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.
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.

*If you have paid in your full allowance, any amount you withdraw cannot be replaced during the tax year.

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. Tax-free is the interest rate payable where interest is exempt from income tax.

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

SaveBack from Sainsbury’s Bank allows customers to deposit money when they pay for their shopping using a debit card in all the main Sainsbury’s stores. This feature is available on our Extra Saver and eSaver Special accounts (account subject to availability). There’s no limit to the number of SaveBack deposits you can make. You can save up to £2,500 at the checkout and up to £9,000 with a supervisor. Not available at Sainsbury’s Local stores. SaveBack is available at all main Sainsbury’s stores during opening hours.

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