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Compare Sainsbury's ISAs

Compare ISAs from Sainsbury's and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds.
  • Invest From: £25 pm
See Deal Open an ISA before 31 December and get £100 cashback. New customers only, invest £5k or more. Terms & fees apply. Capital at risk.

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00
See Deal Choose from over 13,000+ global stocks & ETFs. Invest in UK shares from as little as £3 per trade. IG offer a "Smart Portfolio ISA" where you can get an expertly built portfolio that is right for your risk profile. Capital at risk.

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term. Please note: As with all investing, your capital is at risk you may get back less than you have put in. The value of the ISA will depend on the performance of the investments and any bonuses cannot be guaranteed. Additionally, if investment conditions are poor, we may apply a Market Value Reduction (MVR)
  • Invest From: £30 pm

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £1.50. Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you
  • Invest From: £1

Stocks & Shares ISA

from Nutmeg

ISA Option
Allows ISA Transfers
  • Fund Choice: Nutmeg offer 5 diversified portfolios with ETFs, using technology to keep charges low. Capital at risk. Approved by Nutmeg 24/02/2023
  • Invest From: Min. £500 single

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you. Capital at Risk
  • Invest From: £100

Stocks & Shares ISA

from Tillit

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: From well-known classics to trailblazers and wildcards, TILLIT filter the market and select the best-in-class active and passive funds across asset classes, regions and styles. No one needs 5,000 funds. Get breadth and variety, without the choice paralysis

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Share Dealing ISA

from Interactive Brokers

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £3.00
See Deal Eligible UK Investors can open ISA's and Earn £55 of Commission Credit. For new clients. Limited time only, Terms apply

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

My Money Builder Select ISA

from Scottish Friendly

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: When you set up a My MoneyBuilder Select (ISA), your money will be invested in a single fund - the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund. Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in. If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value
  • Invest From: £10 pm o r £100 single

Stocks & Shares ISA

from & me

Allows ISA Transfers
Regular Savings
  • Fund Choice: Range of portfolios managed by investment experts from M&G Wealth, who continually review a range of factors and global trends to make ongoing decisions about where to invest, and find new opportunities with the potential to deliver long-term growth for investors

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500

Stocks & Shares ISA

from ChipX

ISA Option
Allows ISA Transfers
  • Fund Choice: Save and invest across investment funds, cash savings, and real assets
  • Invest From: No minimum

Who are Sainsbury’s Bank?

Sainsbury's Bank are a UK bank founded in 1997, wholly owned by Sainsbury’s.

Originally launched as a joint venture with Lloyds Bank, in 2014 Sainsbury’s purchased the 50% share owned by Lloyds, making them the current sole owners.

Sainsbury’s Bank offer a range of loans, mortgages, savings accounts and insurance products. Among their savings account products are Cash ISAs, which come with fixed and variable interest rates.

What is an ISA account?

ISA stands for Individual Savings Accounts, and they are savings accounts with added tax benefits.

In a standard savings account, you can be liable for income tax on the interest and dividends your investments produce along with capital gains tax on your investment growth.

However, within an ISA, your investments are tax-free forever, no matter how well they perform.

The government permits all individuals to invest up to £20,000 in an ISA account each tax year.

What type of ISA is a Sainsbury’s ISA?

There are two main types of ISAs: Cash ISAs and Stocks and Shares ISAs. They are both the same in terms of how much you can invest and the tax benefits you get, but differ in what underlying products they can invest in.

Cash ISAs are cash products that return a guaranteed or variable rate of interest. Your investment can’t lose money (unless you are charged for withdrawing before your term), but interest rates are fairly low in the current market.

Stocks and Shares ISAs allow you to invest directly in the stock market. This could be in shares, funds, bonds or any other type of investment, so the return potential is much higher. However, your investments can go down as well as up in value and you could get back less than you originally invest.

Sainsbury’s Bank offer Cash ISAs but do not currently provide a Stocks and Shares ISA account.

What types of Cash ISAs do Sainsbury’s Bank offer?

Sainsbury’s provide two main types of Cash ISAs: fixed-rate Cash ISAs and variable-rate Cash ISAs.

Below are the key account details for each product.

Fixed-rate Cash ISAs:

  1. Fixed-terms range from 1-5 years
  2. Higher interest rates for longer terms
  3. A portion of your interest is void if you withdraw before the end of your fixed term
  4. Your interest is paid on an annual basis
  5. Invest with a minimum of £5,000

Variable-rate Cash ISAs:

  1. Lower interest rates compared to fixed-rate ISAs, and rates can fluctuate
  2. You can withdraw as much as you like at any time
  3. Annual interest payments
  4. Invest from as little as £1

How do I open a Sainsbury's Bank ISA?

You can open an ISA account by registering for an online login and then choosing your preferred account to invest in.

Contributing funds to your account will officially open it, and the entire process can be completed in a matter of minutes.

Application Checklist:

  1. You need your address and postcode(s) for the last 3 years
  2. You need your National Insurance number to hand
  3. You must have a mobile telephone number to provide
  4. You must be a resident in the UK
  5. You must be over 18

What are the rules surrounding ISAs?

No matter what type of ISA you’re investing in, it’s important to be familiar with the restrictions and limitations of the accounts.

If you break the rules, for example by contributing over your annual allowance, you could end up having your ISA subscription void along with the interest you’ve earned.

  • The annual ISA allowance is £20,000 for the current tax year - don’t contribute above this limit.
  • The allowance is split between all types of ISAs, so you can split your contributions between a Cash ISA and a Stocks and Shares ISA if you wish.
  • You're not allowed to contribute to more than one Cash ISA in the same tax year. For example, opening a Sainsbury’s Bank fixed-rate ISA and variable-rate ISA in the same year is not allowed.
  • The same rule applies to Stocks and Shares ISAs – you can’t open two in the same tax year.
  • You can, however, open different Cash ISAs across more than one tax year.
  • You can transfer existing ISAs to new ISA accounts and it won’t count as a contribution towards your ISA allowance.
  • Your annual ISA allowance does not roll over – use it or lose it.
  • The ISA allowance refreshes on 6th April in line with the tax year dates.
Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

You can withdraw money from a Stocks and Shares ISA at any time provided that you sell the underlying investments first.

You can withdraw from a variable-rate Cash ISA at any time.

Withdrawing from a fixed-rate Cash ISA may incur charges if you do so before the end of the specified fixed term.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.

Important Risk Information:

Capital at risk. Tax treatments depend on your individual circumstances and may change. The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.