eSaver Special - Savings Support

Rates for accounts opened from 07/09/2016

Rates effective from 07/09/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.70%
£15,000 - £29,999 0.85%
£30,000 - £500,000 1.00%
£500,001+ 0.50%

Rates for accounts opened from 04/05/2016 to 11/08/2016

Rates effective from 04/05/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.90%
£15,000 - £29,999 1.05%
£30,000 - £500,000 1.20%
£500,001+ 0.50%

Rates for accounts opened from 02/03/2016 to 03/05/2016

Rates effective from 06/04/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.85%
£15,000 - £29,999 1.00%
£30,000 - £500,000 1.15%
£500,001+ 0.50%

Rates for accounts opened from 18/02/2016 to 01/03/2016

Rates effective from 06/04/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 1.05%
£15,000 - £29,999 1.20%
£30,000 - £500,000 1.35%
£500,001+ 0.50%

Rates for accounts opened from 28/01/2016 to 17/02/2016

Rates effective from 06/04/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.95%
£15,000 - £29,999 1.10%
£30,000 - £500,000 1.25%
£500,001+ 0.50%

Rates for accounts opened from 14/08/2015 to 10/12/2015

Rates effective from 01/06/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.90%
£15,000 - £29,999 1.05%
£30,000 - £500,000 1.20%
£500,001+ 0.50%

Rates for accounts opened from 30/04/2015 to 19/06/2015

Rates effective from 01/06/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.90%
£15,000 - £29,999 1.05%
£30,000 - £500,000 1.20%
£500,001+ 0.50%

Rates for accounts opened from 05/08/2014 to 26/09/2014

Rates effective from 01/06/2016 

Balance tiers Annual AER/



gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.90%
£15,000 - £29,999 1.05%
£30,000 - £100,000 1.20%
£100,001+ 0.50%

Rates for accounts opened from 05/04/2012 to 04/08/2014

Rates effective from 01/06/2016

Balance tiers Annual AER/

gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 0.90%
£15,000 - £29,999 1.05%
£30,000 - £100,000 1.20%
£100,001+ 0.50%

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. Interest is calculated daily and credited to your account annually.

Rates for accounts opened from 14/08/2015 to 10/12/2015

Rates effective from 06/04/2016 to 31/05/2016

Balance tiers Annual AER/
gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 1.20%
£15,000 - £29,999 1.25%
£30,000 - £500,000 1.30%
£500,001+ 0.50%

Rates for accounts opened from 30/04/2015 to  19/06/2015

Rates effective from 06/04/2016 to 31/05/2016

Balance tiers Annual AER/
gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 1.20%
£15,000 - £29,999 1.25%
£30,000 - £500,000 1.30%
£500,001+ 0.50%

Rates for accounts opened from 05/08/2014 to 26/09/2014

Rates effective from 06/04/2016 to 31/05/2016

Balance tiers Annual AER/
gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 1.20%
£15,000 - £29,999 1.25%
£30,000 - £100,000 1.30%
£100,001+ 0.50%

Rates for accounts opened from 05/04/2012 to 04/08/2014

Rates effective from 06/04/2016 to 31/05/2016

Balance tiers Annual AER/
gross p.a.
£1 - £999 0.50%
£1,000 - £14,999 1.20%
£15,000 - £29,999 1.25%
£30,000 - £100,000 1.30%
£100,001+ 0.50%

Rates for accounts opened from 02/03/2016 to 05/04/2016

Rates effective from 02/03/2016 to 05/04/2016

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 0.85% 0.68%
£15,000 - £29,999 1.00% 0.90%
£30,000 - £500,000 1.15% 0.92%
£500,001+ 0.50% 0.40%

Rates for accounts opened from 18/02/2016 to 01/03/2016

Rates effective from 02/03/2016 to 05/04/2016

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 1.05% 0.84%
£15,000 - £29,999 1.20% 0.96%
£30,000 - £500,000 1.35% 1.08%
£500,001+ 0.50% 0.40%

Rates for accounts opened from 28/01/2016 to 17/02/2016

Rates effective from 28/01/2016 to 05/04/2016

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 0.95% 0.76%
£15,000 - £29,999 1.10% 0.88%
£30,000 - £500,000 1.25% 1.00%
£500,001+ 0.50% 0.40%

Rates for accounts opened from 14/08/2015 to 10/12/2015

Rates effective from 14/08/2015 to 05/04/2016

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 1.20% 0.96%
£15,000 - £29,999 1.25% 1.00%
£30,000 - £500,000 1.30% 1.04%
£500,001+ 0.50% 0.40%

Rates for accounts opened from 30/04/2015 to 19/06/2015

Rates effective from 30/04/2015 to 05/04/2016

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 1.20% 0.96%
£15,000 - £29,999 1.25% 1.00%
£30,000 - £500,000 1.30% 1.04%
£500,001+ 0.50% 0.40%

Rates for accounts opened from 05/08/2014 to 26/09/2014

Rates effective from 02/07/2015 to 05/04/2016

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 1.20% 0.96%
£15,000 - £29,999 1.25% 1.00%
£30,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 05/04/2012 to 04/08/2014

Rates effective from 12/03/2015 to 05/04/2016

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 1.20% 0.96%
£15,000 - £29,999 1.25% 1.00%
£30,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 05/08/2014 to 26/09/14

Rates effective from 12/03/2015 to 01/07/15

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £14,999 1.25% 1.00%
£15,000 - £29,999 1.30% 1.04%
£30,000 - £100,000 1.35% 1.08%
£100,001+ 0.50% 0.40%

Rates effective from 05/08/2014 to 11/03/15

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.35% 1.04%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 18/06/2014 to 04/08/2014

Rates effective from 18/06/2014 to 11/03/15

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.08%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 01/12/2013 to 16/12/2013

Rates effective from 01/12/2013 to 11/03/15

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.55% 1.24%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 01/11/2013 to 30/11/2013

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 01/11/13 to 30/04/2014

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.55% 1.24%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 18/09/2013 to 31/10/2013

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 18/09/13 to 30/04/2014

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.45% 1.16%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 20/08/2013 to 17/09/2013

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 20/08/13 to 30/04/2014

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.55% 1.24%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 25/07/2013 to 19/08/2013

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 20/08/13 to 30/04/2014

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.55% 1.24%
£100,001+ 0.50% 0.40%

Rates effective from 25/07/2013 to 19/08/2013

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.45% 1.16%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 03/10/2012 to 12/10/2012

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 01/07/13 to 30/04/2014

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.70% 1.36%
£100,001+ 0.50% 0.40%

Rates effective from 03/10/12 to 30/06/2013

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.40% 1.92%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 12/05/2012 to 02/10/2012

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 01/07/13 to 30/04/2014

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.70% 1.36%
£100,001+ 0.50% 0.40%

Rates effective from 20/02/13 to 30/06/2013

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.20% 1.76%
£100,001+ 0.50% 0.40%

Rates effective from 12/05/12 to 19/02/2013

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.70% 2.16%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 19/04/2012 to 11/05/2012

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/

gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 01/07/13 to 30/04/2014

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.70% 1.36%
£100,001+ 0.50% 0.40%

Rates effective from 20/02/13 to 30/06/2013

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.40% 1.92%
£100,001+ 0.50% 0.40%

Rates effective from 19/05/12 to 19/02/2013

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.90% 2.32%
£100,001+ 0.50% 0.40%

Rates for accounts opened from 05/04/2012 to 18/04/2012

Rates effective from 01/05/14 to 11/03/2015

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.30% 1.04%
£100,001+ 0.50% 0.40%

Rates effective from 01/07/13 to 30/04/2014

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 1.70% 1.36%
£100,001+ 0.50% 0.40%

Rates effective from 20/02/13 to 30/06/2013

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.40% 1.92%
£100,001+ 0.50% 0.40%

Rates effective from 19/04/12 to 19/02/2013

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.90% 2.32%
£100,001+ 0.50% 0.40%

Rates effective from 05/04/12 to 18/04/2013

Balance tiers Annual AER/
gross p.a.
Net p.a.
£1 - £999 0.50% 0.40%
£1,000 - £100,000 2.75% 2.20%
£100,001+ 0.50% 0.40%

AER stands for annual equivalent rate and illustrates what the interest would be if interest was paid and compounded each year. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%). Net is the rate of interest paid after the deduction of basic rate tax at 20%. Interest is calculated daily and credited to your account annually.

There are four ways you can pay into your account:

  • Bank transfer - from an existing Sainsbury's Bank savings account or your main bank account. You'll need your sort code and account number. This is on your welcome letter, or your 'My accounts' summary page if you’re registered for online banking.
  • Standing order − top up your savings on a date that suits you each month. Set up a standing order (PDF 70KB).
  • SaveBack - add to your savings with your debit card when you shop at main Sainsbury's stores.
  • Cheque − Write your sort code and account number on the back of the cheque and send it, payable to yourself, and a pay in slip, to: Sainsbury's Bank, PO Box 4954, Worthing, BN11 9YY

If you plan to make regular cheque payments, you can order a supply of pay in slips using online banking. Just click on 'Account details' on the 'My accounts' summary page, and on the right side under 'I want to' click on 'Order pay-in slips'

Register for online banking to access your account anytime, anywhere. You can:

  • View your statements and transactions
  • Transfer money to a nominated account
  • Make payments to your Sainsbury's Bank Credit Card
  • Move money between your Sainsbury's Bank savings accounts
  • Change your account details
  • Change some personal details
  • Send and receive secure messages about your account

Need help?

Find out more about registering for and using online banking.

If you've forgotten your username, click on 'I have forgotten my username' on the 'Log in' page. You'll then need to fill in some personal details and your username will appear on the screen.

If you've forgotten your other log in details, click on 'I have forgotten my login details' on the 'Log in' page. You'll need to fill in some personal details and what you'd like your new log in details to be. We'll then verify this by sending you a one-time code to the mobile phone number we have on record for you, and ask you to use the code to verify your identity. You'll receive a confirmation email when this is complete.

If you're still having issues, give us a call on 08085 40 50 60. We're open Monday to Friday 8am-10pm and 8am-6pm at weekends.Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline and from a mobile when calling from the UK.

Charges

If you make a transfer from your account using CHAPS, there’s a charge of £25 for each transfer up to a maximum of £50.

To manage your account by phone just call us on 08085 40 50 60.We're open Monday to Friday 8am-10pm and 8am-6pm at weekends. Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline and from a mobile when calling from the UK.

  • Check or change your account details
  • Transfer money to your nominated account

Charges

If you make a transfer from your account using CHAPS, there’s a charge of £25 for each transfer up to a maximum of £50.

Makes saving even easier

With SaveBack from Sainsbury’s Bank you can add tosour savings when you pay for yourshopping using a debit card in all main Sainsbury's stores. It's as easy as cashback.

How to use SaveBack

When you open your account we'll send you a SaveBack cardWhen you pay for your weekly shopping, just:

  • Hand your debit and SaveBack cards to the cashier at the same time
  • Tell the cashier how much you want to save - up to £2,500 at the checkout and up to £9,000 with a supervisor
  • We'll give you a receipt confirming your deposit
  • Your savings account will be credited no later than the next bank working day

There's no limit to the number of SaveBack deposits you can make. But if you make multiple large deposits your bank may want authorisation from you.

Why use SaveBack?

SaveBack makes it easy to save regularly. It's:

  • Quick, convenient and secure
  • Available whenever your main Sainsbury's store is open
  • Simple to fit in with your shopping trips

Use our store locator to find a store near you that offers SaveBack.

Lost your SaveBack card?

Just call us on 08085 40 50 60 to get one. We're open Monday to Friday 8am-10pm and 8am-6pm at weekends. Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline and from a mobile when calling from the UK.

What is the minimum age limit to open a eSaver Special account?

18 years old.

Is there a maximum limit?

The maximum total amount you can have in all your accounts (whether in your name or held jointly) is £2,000,000.

How is interest paid?

We calculate interest daily and credit it to your account annually on the anniversary of account opening.

Why is my interest paid gross?

On 6 April 2016 the Government introduced a Personal Savings Allowance (PSA) which enables individuals to earn interest on their savings tax free, up to a certain allowance. The allowance depends on the individual’s income: basic rate tax payers are able earn up to £1,000 in savings interest tax free and higher rate tax payers will be able to earn £500 tax free. Additional rate tax payers will not have a Personal Savings Allowance. As a result of this change, from 6 April 2016 all banks, including Sainsbury’s Bank, will start paying savings interest gross, with no tax deducted.

How do I make a payment into my account?

There are four easy ways to pay into your account:

  • Bank transfer
  • Standing order
  • SaveBack
  • Cheque

There’s more information about this in 'How to pay in'.

What happens if I exceed the maximum balance on my savings account?

If your balance exceeds the maximum, because you deposited additional funds or monthly interest was credited, your interest rate will revert to the standard interest rate (currently 0.50% AER/gross pa), from the date you exceeded the maximum balance. This rate will apply to your whole balance.

How do I withdraw money?

Register for Sainsbury's Online Banking and you’ll be able to transfer money to your nominated account. You can also make withdrawals using the telephone service.

Is there a limit on the number of withdrawals?

No. You can make as many withdrawals as you like.

How long will it take to transfer funds?

If you send money to your account by Faster Payments, it should arrive no later than the next business day. If you send money from your account before 5pm on a business day, the funds will arrive in the external account on the same day. If it's after 5pm, it will arrive on the next business day.

If you make a transfer to an external account by 5pm Monday to Friday it will be transferred by midnight on the same day. Transfer requests after this time will be made on the next business day.

Transfers between your own Sainsbury's Bank savings accounts normally arrive in your account straightaway.

What happens if I switch my current account which is also my nominated account?

If we’re notified by another bank that you’re using the Current Account Switch Service, we’ll write to you and ask you to call us to confirm that these instructions are correct. Once you’ve done that we’ll update your nominated account details on our online banking service.

Can I set up Direct Debits?

No, you can’t operate Direct Debits on this account. You can however make regular transfers to your nominated account using telephone or online banking.

How will you let me know about rate changes?

Whenever we change our rates we’ll:

  • Update our website
  • Or write to you

Can I use this account to pay bills?

No. Payments for bills such as gas, electricity, council tax etc. aren’t permitted.

Are there any standard charges on the account?

There are no standard charges, but if you use any additional banking services you may be charged. We’ll always let you know if you request a service that carries a charge.

Can an eSaver Special account be used for a business, club or association or a charity?

No, it’s only available for personal use.

Can I open a joint eSaver Special account?

Yes. Both parties to a joint account will get individual passwords and security details for Online Banking.

Can I open an In Trust Account?

Yes, please call us on 08085 40 50 60 and choose option 1. You can’t open an ‘In Trust’ account online.

Can I discuss my partner’s account?

No, to comply with the Data Protection Act, we can only discuss accounts with the account holder unless a valid Power of Attorney Document has been registered with Sainsbury's Bank.

How do I change my personal details?

If you’re registered for online banking you can change your personal details online. Just select what you want to change from the 'My details' tab. For security reasons, you can't change your mobile number online - it is important that you keep your mobile number up-to-date as you need it if you need service your account. If you need to change your mobile number or if you're not registered for online banking, call us on 08085 40 50 60. We’re open Monday to Friday 8am–10pm and 8am–6pm at weekends.

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