You Choose Savings
If you are applying for Life Insurance or a Savings product, please send an e-mail to the following mailbox fulfilment@sainsburysbank.co.uk stating your Name, Colleague Number and Nectar Card Number (note the Nectar card number supplied must be the same as the one used on your application) to ensure you receive your nectar points.
Variable Rate Cash ISA
- Allows transfers in
- Save £20,000 tax free per annum
| Interest Rate (AER) | 1.30 - 3.50% AER / tax free p.a. (variable) |
| Manage Online |  |
| Manage by Phone | |
| Withdrawals | Unlimited* |
| Interest paid | Annually |
| Minimum deposit | £1 |
| Colleague Offer | 4,000 bonus Nectar points exclusively for Colleagues when you open this account online and deposit a minimum of £500† |
| SaveBack |  |
Important Information
The tax treatment or rate of interest payable depends on the individual circumstances of each customer and may be subject to change in the future.
Savings accounts are available from Sainsbury’s Bank to UK residents aged 18 years old or over. Sainsbury’s Bank reserves the right to alter rates at any time.
*If you have paid in your full allowance, any amount you withdraw cannot be replaced during the tax year.
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. Tax-free is the interest rate payable where interest is exempt from income tax.
† Nectar points offer 1. This offer is only available to Sainsbury’s, Sainsbury's Bank, Argos, Habitat and Nectar colleagues, and Sainsbury’s Veterans. We may ask for proof of your employment status at any time during the application process. 2. We’ll give you 4,000 points if you open a new Variable Rate Cash ISA and pay in at least £500. We’ll add the points to your Nectar account within 60 days of your pay-in. 4. You need to tell us your Nectar card number when you apply and start your application at SainsburysBank.co.uk/youchoose 5. You also need to send an email containing your name, colleague number and Nectar card number to fulfilment@sainsburysbank.co.uk 6. We'll only award points once per product per colleague. 7. No cash alternative is available. 8. We reserve the right to change or cancel this offer without notice.