Sainsbury's Bank Savings Account Reviews

Watch this item
1.5 stars
Average rating for this product is: 1.5 out of 5

From 0 ratings and 9 reviews

Thumb down 22% of users recommend this product

Rate it Now:

Click on the stars above to rate this product:

Tweet This Item


LenderAccountDescriptionInterestAEROverdraft  
Overdraft RateOverdraft Limit
ING DirectING Direct ISAOpen an account today in approximately 10 minutes. A simple way to save up to £3,600, without paying tax on your investment.Monthly2.50%N/A
NatWeste-ISAAvailable to existing Natwest Customers Only. The longer you save the more you can earn, save up to £3,600 in a tax year. See site for details.Monthly2.00%N/A
AbbeyDirect ISASave from just £1 to receive 2.00 AER (variable) tax free.Annually2.00%N/A

Average Ratings for Sainsbury's Bank Savings Account

  • Value for Money2 stars
  • Overall rating1.5 stars

9 Reviews For Sainsbury's Bank Savings Account

  • Guest 26th Oct 2009

    Reviewer rating: 1 stars


    Guest's review has yet to be rated - Be the first!
    Report this review



    Dire Website...always broken

  • Guest 12th Oct 2009

    Reviewer rating: 1 stars


    Guest's review has yet to be rated - Be the first!
    Report this review


    God help you if you need technical assistance with a very poorly laid oyt web site which refuses to let you log in. Forget technical assistance unless you have a day to wait on the phone.

  • Caagh 9th Oct 2009

    Reviewer rating: 1 stars


    Caagh's review has yet to be rated - Be the first!
    Report this review


    Terrible online bank, ridiculous security (why favourite singer?? surely that's something that changes frequently?) and beware! your answers are case sensitive, even if you didn't realise this when making them up. You get locked out after 3 incorrect attempts, and have to get a new activation code IN THE POST. Website prone to major technical problems making it impossible to log in. I closed my account after a couple of months, would definitely not recommend it. A friend had similar problem ...

  • Guest 9th Sep 2009

    Reviewer rating: 1 stars


    Guest's review has yet to be rated - Be the first!
    Report this review


    Had been given a very good rate which dropped to nothing within months. ok that might be due to the financial crisis but I am wondering why the credit card rates rise at the same time...

    The thing that makes me upset however is that Sainsbury's Bank ask you for a lot of things to log on. Even though I had never changed my favourable singer and things like that - my account was inaccessible. Probably due to a software.

  • nathalieC1982 22nd Nov 2008

    Reviewer rating: 0 stars


    nathalieC1982's review has yet to be rated - Be the first!
    Report this review


    I had a Sainsburys online saver, which had a competitive rate. But problems arose when I had to contact them on the phone. Basically at the beginning i wasn't properly security checked and had a 'flag' put on my account so i couldn't do some of my transfers. When I phoned them up they just told me to ring another number, who told me to ring another number, who only told me to ring another number, just to get this flag sorted. In the end I must have rung 4/5 different numbers and after a while I ...

  • Guest 5th Sep 2008

    Reviewer rating: 4 stars


    Guest's review has yet to be rated - Be the first!
    Report this review


    An good rate for an easy access internet account. A good rate with no restrictions. It was easy to set up and transfer money in and out. Good online demo.

  • tszuj 28th Jun 2008

    Reviewer rating: 1.5 stars


    tszuj's review has yet to be rated - Be the first!
    Report this review


    I am unhappy they have such rigid rules about accessing or withdrawing money. I think it's stupid a ONLINE-only account can only have changes made to it by phoning, and they refuse to allow me to take money out of the account, or to transfer money from the account to my current account.

  • blackwaterman Rank: Lieutenant 3rd Jan 2008

    Reviewer rating: 4 stars


    blackwaterman's review has yet to be rated - Be the first!
    Report this review


    I transferred funds from Alliance & Leicester whose rate SEEMED competitive, but wasn't in practice as I lost interest for a month after each withdrawal.Security validation could be done on-line without posting important documents in my case (may vary for you). I don't find the log-in difficult, and believe it's a good compromise between ease of use and security. We'll see how long they keep their rates competitive!

  • joal0611 Rank: Lance Corporal 1st Sep 2007

    Reviewer rating: 0 stars


    joal0611's review has yet to be rated - Be the first!
    Report this review


    Online access at Sainsbury's Bank Savings Account asks you different questions about your favourite place, singer, etc each time you login. Both myself and my wife cannot possibly remember these things so we both failed our login the first time we went online.

    Then I failed phone identification, since I was asked things like my balance (how am I expected to know if I can't access the account?), so I now need to submit identity proof by mail)

    The additional interest rate vs. ING Direct is j ...