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.
Boost your savings with FREE interest rate alerts
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £400! (T&Cs)
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.
Does Sainsbury’s offer online or mobile banking?
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:
Check balances for any type of account.
Transfer money between accounts
Pay bills and people
How do I decide which account is for me?
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:
Interest rates
Fees (if there are any)
Access to cash (if you need quick access for instance)
The pros and cons of saving with Sainsbury’s
Pros
Online banking. Your Sainsbury’s savings account can be accessed online through the website.
Flexibility. The bank’s variety of accounts offer flexible options no matter what kind of savings you’re looking for.
Effortless and accessible. You can open an Sainsbury’s savings account in just a few minutes.
FSCS protection. With Sainsbury’s you have peace of mind that your money is protected up to a total of £85,000 by the UK’s deposit guarantee scheme.
Cons
Limited high street presence. If you like the assurance of face-to-face customer service, Sainsbury’s does have physical branches you can go to, but they are limited to just a few branches.
Possible transfer to NatWest. If you open a savings account with Sainsbury’s Bank, it could become a NatWest account in May 2025.
Customer service information for Sainsbury’s Bank
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Bottom line
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.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £400! (T&Cs)
Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio
Matthew's expertise
Matthew has written 280 Finder guides across topics including:
Helping first-time buyers apply for a mortgage
Comparing bank accounts and highlighting useful features
Our research found that 41% of Brits work from home at least some of the time as of March 2025. We look at who is working from home and how working from home affects productivity.
Nationwide’s savings account options explained. Whether you’re happy to tie up your money or need instant access, we’ve covered the options.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
