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A Sainsbury's Premier Saver account is ideal for serious savers. As well as paying a competitive 5.00% AER on your savings, it's an easy and convenient way to save. And because we know you're committed to saving, we've limited withdrawals to 6 in any 12 month period. So you won't be tempted to dip in too often but you know you can access your funds as and when you need to.
A competitive interest rate
You can open a Premier Saver account from £500 and you'll receive 5.00% AER on all of your savings.
It's easy to use
Whether you're looking for the right home for your nest egg, saving for a rainy day or need a place to ensure a good return on your regular savings, it's very easy to open a Sainsbury's Premier Saver account. You'll receive interest monthly, which can be paid back to your savings account or paid to your nominated account. As well as receiving a quarterly statement, you can also manage your account online or via telephone banking.
See our summary box for the facts and figures.
5.00% AER/4.89% gross p.a. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%). AER stands for annual equivalent rate and illustrates what the interest would be if interest was paid and compounded each year. Net is the rate of interest paid after the deduction of lower rate tax at 20%. Variable interest paid monthly. Withdrawals are by transfer to another account only.
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