Sainsbury’s Bank savings accounts & interest rates: How good are they?
Customer reviews, account features and more. Fresh rates here daily.

Sainsbury’s Bank was the first supermarket bank in the UK. It offers a wide range of financial products, including savings accounts.
However, customers should be aware that Sainsbury’s is in the process of transferring its personal loans, credit cards and savings accounts to NatWest. You can still open a new account with Sainsbury’s Bank, but if the High Court approves the transfer in April 2025, your Sainsbury’s savings account will be transferred to NatWest on 1 May 2025.
A cash ISA is a savings account where you don’t pay tax on the interest you earn. That’s it! The tax-free bit is the only real difference.
Sainsbury’s offers online banking through its website, but does not have a dedicated mobile banking app.
Here are some of the basic features of Sainsbury’s online banking service:
You need to work out what it is you need from your savings account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of savings account. Once you’ve done that, useful guidelines to compare include:
Email support | |
---|---|
Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Sainsbury’s Bank currently offers a range of savings accounts, whether you’re looking to lock away your money for a set amount of time, or would prefer to access it whenever you need. Be sure to check out the best rates on the savings market right now first, though, to see how Sainsbury’s weighs up against the competition in terms of rates, fees and benefits. And remember that your account could be transferred to NatWest later this year.
Revolut now offers savings accounts to its customers, known as Savings Vaults. You can get interest of paid daily, but the rate depends on which level of account you have. Find out whether Savings Vaults are a good option for your spare cash.
Our 2025 savings statistics show the average person in the UK has £16,067 in savings but 1 in 6 Brits (16%) have no savings at all.
Get into the savings habit with the NatWest Digital Regular Saver account.
By bringing together competitive interest rates and smart app features, Monzo makes a great choice for small savers. Here’s how Monzo savings accounts work.
TSB offers a range of different savings accounts. For anyone looking to save with the bank, take a look at our detailed guide.
Goldman Sachs has launched its savings bank Marcus in the UK. Our review covers the features of its easy-access savings account vs the competition.
Our guide to Santander’s savings accounts. From ISAs to regular savings, from fixed-term to junior saving accounts, Santander might have the option for you.
Yorkshire Building Society offers a range of savings accounts. If you’re looking to save, see our guide for more.
Nationwide’s savings account options explained. Whether you’re happy to tie up your money or need instant access, we’ve covered the options.
The fast pace of the UK banking market forces so-called ‘big banks’ like NatWest to stay ahead of the curve. By constantly refining the user experience with improvements to online banking and mobile apps, NatWest remains one of the UK’s most popular banks.