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This comparison simply includes all savings accounts.

Ulster Bank
eSavings Ulster Bank
Min deposit £1
Term Instant Access
Interest AER 1.25%

Why we like it: MARKET LEADING. 1.25% AER Gross (variable). Open with £1. A simple instant access savings account. Manage your account online, by telephone banking or via our mobile app. You'll need to be 18 or over and a UK resident

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.20%

Why we like it: No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.

Ford Money
Flexible Saver Ford Money
Min deposit £1
Term Instant Access
Interest AER 1.12%

Why we like it: Open with £1. Unlimited deposits and withdrawals. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

B
Current and Savings Account B
Open With £1
Account Type Current Account
Interest AER 0.5%

Why we like it: INNOVATIVE NEW BANKING SERVICE powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.50% AER on ALL instant access credit balances and 0.25% AER on current account balances up to £2,000. Fee free

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 6 Months
Interest AER 1.00%

Why we like it: 6 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 9 Months
Interest AER 1.30%

Why we like it: 9 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 18 Months
Interest AER 1.70%

Why we like it: 18 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 1.70%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.85%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 1.85%

Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.00%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 2.10%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

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Compare Sainsbury’s savings accounts

Sainsbury’s Bank is wholly owned by supermarket chain Sainsbury’s. It has a range of financial products for savers, with the various products aimed at different kinds of savers. Knowing which is the best fit for you requires some research, so we have laid out the key types of savings accounts Sainsbury’s Bank offers below to make things easier.

Instant Access Savings Accounts

For savers with a lump sum they want to be able to add to or take money out of, as and when they need to, an instant access account is a good choice. You will normally be able to make a large deposit when you open the account, then make additional deposits and withdrawals whenever you need to.

You may or may not be issued a cash card, allowing you to make withdrawals at a cash point. Most instant accounts now come with phone and telephone banking making it quick and easy to carry out transfers. Some instant access accounts will place a yearly limit on how many withdrawals you can make and there may be a penalty, such as loss of interest, if you exceed this limit.

Fixed Rate Bonds

If you have a lump sum that you do not need to use in the near future, a fixed rate bond (sometimes called a “fixed term account”) can help you maximise your return. In exchange for agreeing not to touch your money for a set period (often 1-5 years) you will be given a guaranteed interest rate for the duration of that set period. The longer the bond lasts, the better interest rate you will receive, making this a great deal for long term savers.

Cash ISAs

For most UK tax payers it is likely to be worthwhile placing at least some of your savings into an ISA. ISAs allow you to earn interest without paying tax on it, but only for deposits up to a yearly limit set by the government. For the 2017/18 tax year that amount is £20,000.

ISAs generally fall into two main camps – instant access and fixed term. Instant access cash ISAs pay variable interest rates but allow you to put in and take out money whenever it is convenient for you. Fixed term cash ISAs generally pay slightly higher rates which are fixed for the life of the ISA. However, like with a fixed rate bond, you cannot take money out of a fixed term ISA until it reaches maturity.

Find the best Sainsbury’s savings account for you

Whatever your financial circumstances and saving objectives, there should be a number of accounts on the market that will potentially be a good match for you. Our saving accounts comparison tool (see above) lets you quickly and efficiently compare the various top offers from different providers. That way, you can find a great deal on a savings account that suits your needs without having to manually check every single provider’s offerings one by one.

Latest news

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.