- The new offering will include loans and savings products and a new credit card
- This partnership is another step forward in extending NatWest’s reach, supporting even more families with their financial needs
NatWest and Sainsbury’s today announce a new agreement that will bring a range of new financial products to Sainsbury’s customers, with exclusive benefits for Nectar members. This follows NatWest’s acquisition of Sainsbury’s Bank plc’s (“Sainsbury’s Bank”) personal loan, credit card and retail deposit portfolios (together the “core banking business”) in 2025.
NatWest and Sainsbury’s will work together to offer tailored financial products designed to support customers’ needs. As part of the partnership, Nectar members will be able to access tailored rates on savings and loans, rewarding loyalty through the Nectar programme.
New products include:
- A new NatWest Nectar credit card, allowing customers to collect Nectar points on everyday purchases, with opportunities to earn bonus points (provided by NatWest Retail)
- Instant access savings and unsecured personal loans, available through Sainsbury’s digital channels (powered by NatWest Boxed)
Products will start to be available in the second half of the year.
Solange Chamberlain, CEO Retail Banking, NatWest said: “Partnering with Sainsbury’s enables NatWest to help many more families with their financial needs, combining our expertise and financial know how with a seamless digital experience and Sainsbury’s scale.
“This ongoing partnership is a great example of our focus on exceptional customer service and accelerating growth in our Retail Banking business through innovative partnerships that deliver for our customers where they are and support the Group growth strategy.”
Patrick Short, Managing Director of Financial Services at Sainsbury's said: “We’re committed to working with trusted partners who share our values and dedication to delivering outstanding service for our customers. Building on our success together, we are pleased to extend our agreement with NatWest, whose deep expertise and customer-first approach continue to make them an ideal partner for our evolving financial services offering.”
NatWest’s growth strategy is focused on being there for the moments that matter in its customers lives, from their first savings goal to buying a first home. As a leading UK retail bank, NatWest serves one in three families in the UK. Partnering with Sainsbury’s is a further development in the bank’s growth strategy, reaching more families by helping Sainsbury’s customers with their financial needs, driving organic growth for the business and diversifying income through strategic collaboration.
The ongoing Sainsbury’s partnership is the third partnership to offer embedded finance through NatWest. In 2025, NatWest previously announced strategic partnerships with The AA to provide instant access savings and unsecured loans to its members, as well as Saga, which is offering savings to its over 50s customers.
At its Retail Bank Investor Spotlight in November, NatWest included a deeper dive on its growth and strategic partnerships. More information can be found here.
Notes to editor:
*Product eligibility subject to criteria
Media Contacts
Natasha Virtue
Corporate Affairs Lead, Retail
natasha.virtue@natwest.com
07483595524
Or Press_office@sainsburys.co.uk
About NatWest
NatWest Group is a vital and trusted partner to over 20 million customers across its Retail Banking, Private Banking & Wealth Management, and Commercial & Institutional businesses.
About NatWest Boxed
NatWest Boxed offers a cloud-native Banking-as-a-Service platform that enables brands and fintechs to seamlessly offer financial services to their customers, securely and at scale. Combining our technology platform, banking licence, compliance expertise and operational support, our vision is to power the UK’s best embedded financial experiences. Today, we employ more than 600 people across locations in the UK and Poland. For more information, visit www.nwboxed.com.
About Sainsbury’s
Offering delicious great quality food at competitive prices has been at the heart of what we do since John James and Mary Ann Sainsbury opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our priority and our purpose is clear – we make good food joyful, accessible and affordable for everyone, every day.
Our focus on great value food and convenient shopping, whether in-store or online is supported by our brands – Argos, Nectar, Tu Clothing, Habitat, Sainsbury’s Bank and Smart Charge.
Sainsbury’s has almost 600 supermarkets and over 800 convenience stores. Argos is a leading digital retailer and is the third most visited retail website in the UK, with over 70 per cent of its sales starting online. Argos is conveniently available for customers to collect from hundreds of Sainsbury’s stores. Digital and technology enables us to adapt as customers shop differently and our profitable, fast-growing online channels offer customers quick and convenient delivery and collection capability.
