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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

What you're looking for isn't available; however, these brands may offer suitable alternatives

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

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. Special offer: Open an ISA with £1,000 or more before Sunday and be in with a chance to win £100 of free trades. New customers only. Terms apply. Capital at risk.
  • Invest From: £25 pm
See Deal Special offer: Transfer an ISA worth £10,000 or more before 30 June and get £100 cashback. New customers only. Terms apply. Capital at risk.

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

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 ISAs

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 Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

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 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.
  • Invest From: £30 pm

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
See Deal Up to £400 for all new users that create an account until the end of April

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
  • Invest From: £100

My Choice ISA

from Scottish Friendly

Allows ISA Transfers
Regular Savings
  • Fund Choice: A choice of 10 funds so you can pick those that best suit your needs, whether that is just one, a mixture of all 10 or somewhere in between.
  • Invest From: £10pm

Stocks & Shares ISA

from Beanstalk

Allows ISA Transfers
  • Fund Choice: Choose from two funds: a cash fund that aims to provide returns in line with money market rates and a shares fund that aims to track the performance of global stock markets.
  • Invest From: £10

Stocks & Shares ISA

from Willis Owen

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from a wide range of funds, shares, investment trusts and ETFs. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
  • Invest From: £25

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

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 2022/23 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:

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.