This comparison simply includes all savings accounts.
Sainsbury's Current Account
Why we like it: 3.0% AER fixed interest on balances up to £2,500. No fees on arranged overdrafts up to £250. UK & Europe Breakdown Cover, Worldwide family travel insurance. Free mobile banking app, text alerts and secure online banking. £13 monthly account fee
Why we like it: £100 for switching into account. £250 interest free overdraft. Free banking if paying over £1,000 per month. £100 if not satisfied after 6 months
Why we like it: Top 20% of Reward Customers earn on average £217 - You can earn Rewards on Direct Debits from your current account for: • Council tax • Gas, electricity and water supply • Home and mobile phone, TV package and broadband fees
Disclaimer: To apply for this account you must be aged 18 or over. UK resident. Not been declared bankrupt in last 6 years.
Why we like it: Earn rewards of up to £180 a year when you bank with Barclays - Get an annual loyalty reward of £84 plus £60 on your Barclays residential mortgage and £36 on your Barclays home and contents insurance. Start earning rewards with a monthly £3 fee based on £800 paid into your account and 2 direct debits paid out every month
Sainsbury’s current account review
Sainsbury’s used to offer a current account known as an Everyday Account, however these are no longer available and have not been replaced. This means Sainsbury’s does not offer current accounts at the moment.
Sainsbury’s does offer credit cards and a range of savings accounts, which may be of interest, but if you are specifically looking for a current account, you will need to compare what is on offer from other providers.
Switching a Sainsbury’s current account
If you are looking to change your current account to a new provider, you should familiarise yourself with the Current Account Switch Service. This offers a free, fast and simple way to switch your current account to a new provider.
When you want to move your account, you simply inform your new bank or building society that you wish to use the Current Account Switch Service to transfer your old account to them. Your new provider will then do the rest, using the service to transfer your balance and all payments in and out of your old account to your new account.
This makes switching your account quick and convenient and means you don’t risk missing a payment to you or from you to someone else. The Current Account Switch Service is supported by over 40 UK banks and building societies and covers 99% of all UK current accounts.
Compare Sainsbury’s current accounts to other market leaders
If you want to find a new current account to get a better interest rate or improved benefits compared to your existing account, it makes sense to compare the broadest range of accounts possible.
Our current account comparison table at the top of the page makes it fast and easy to look at leading current accounts from all the top providers. That way you can make an informed choice and get the best deal for you.
The following three accounts offer some of the most attractive interest rates on the market:
Interest rate: 1.50% AER/1.49% gross (variable) on balances up to £20,000.
Account fee: £5 per month.
Other benefits: Earn 1-3% cashback on a variety of household bills. This includes payments on a Santander mortgage or insurance policy. To qualify for cashback, you must deposit at least £500 a month into the account and have two active Direct Debits.
Interest rate: 3% AER paid monthly on a balance of up to £1,500.
Account fee: None, but you must pay in at least £500 a month to earn interest.
Other benefits: Earn £5 cashback each month if you have at least two Direct Debits from the account, plus another £5 a month when you use your debit card at least 20 times.
Interest rate: 5% AER (4.89% gross p.a.) interest on balances up to £2,500 (for the first 12 months) 1% gross p.a./AER (variable) interest after this.
Account fee: No account fee, but you must deposit a minimum of £1,000 a month to earn interest.
Other benefits: Customers over the age of 18 can get a fee-free overdraft for 12 months (subject to approval).