Overview
Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Sainsbury’s Bank provides a range of great quality products including insurance, credit cards, savings and loans that are competitively priced and are not only easy to understand but also apply for. The Bank’s customers can manage their accounts online and can make savings deposits in-store benefiting from the extended opening hours and parking available at the supermarket.
Key facts:
- Joint venture with J.Sainsbury plc and Lloyds Banking Group
- Access to over 18 million customer shopping visits per week
- We have around 1.5 million active customers with deposits in excess of £3.5 billion
- We receive over 3.5 million customer calls to our call centres every year; and have over 1 million website visits every month
Sainsbury’s Bank operates a low-cost distribution model via its shareholders and benefits from a fantastic brand. The Bank’s ability to combine the shopping experience with finance allows us to offer a range of products at a price and service beyond the reach of most traditional financial providers. Indeed our products consistently top Best Buy tables and regularly win awards for quality, price and good service.
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