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 | |
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Telephone support | |
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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.
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