Flexible Saver
Whether you’re saving for a wedding, a new car, a once-in-a-lifetime holiday or maybe all 3, you can open as many Flexible Saver accounts as you have reasons to save.
Open a Flexible Saver account today
Start saving for something special with just a $1 deposit.
Please read the important product information and check eligibility before you apply.
Flexible Savers help you save for anything, in a way that suits you. You can start your Flexible Saver account with just $1, and pay in lump sums or set up a standing order to save a set amount each month.
It's an instant access account, so you can put in or take out money whenever you like. There are no charges for withdrawals.
You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.
You'll earn interest on your money and if you're an Bank Advance customer you are eligible for a preferential rate. More on Bank Advance
Unless you tell us otherwise, we will send you paper statements via the post. If you prefer, you can switch off your paper statements on Online Banking.
| Question | Answer |
|---|---|
| What is the account name? | Flexible Saver |
| What is the interest rate? |
Standard Rate Preferential rate Standard Rates - all customers except Bank Advance and Bank Graduate customers. Interest is calculated daily and credited to the account monthly. |
| Can Bank change the interest rate? | Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions. |
| What would the estimated balance be after 12 months based on a $1,000 deposit? |
Standard rate Preferential rate For the purpose of this calculation, it assumes: Initial deposit of $1,000, no further deposits, no change to the interest rate during the 12 months. Projection provided for illustrative purposes only and does not take into account individual circumstances. |
| How do I open & manage my account? |
Eligibility: Aged 16 years or over. How to open: Open an account via Online Banking, Telephone Banking or in branch. Minimum/Maximum Balance: A minimum of $1 must be deposited to open the account. There is no maximum balance. How to manage: Once opened you can view your balance via Online Banking, Telephone Banking, the Bank UK Mobile Banking App or in branch. |
| Can I withdraw money? | Yes, you have instant access to your account. You can make as many fee free withdrawals as you like. |
| Additional Information |
A 14 day cancellation period applies to this account. We do not deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future. Definitions Rates correct as at 06.04.18 |
If you have an Bank current or another savings account and you're registered for online banking, you can apply online in minutes.
Log on to applyIt only takes a few minutes. Then, once you receive your security details, you can apply online right away.
Register for online bankingIf you don't have a Bank current account, call us to open the Flexible Saver or call us to make an appointment in your local branch.
If you’re liable to pay tax outside the United Kingdom, please apply at your local branch
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
This tool will help you think about if your money is working hard enough for you and how you could take to achieve your goals.
Save up to $3,000 at a fixed rate of interest for 12 months.
Find out more about tax efficient savings and how to make the most of your ISA allowance.
You can apply for a Flexible Saver Account online or by popping into any of our branches.
If you’re registered for online banking you can apply online in minutes. It only takes a few minutes to register and once you receive your security details you can apply online to get an instant decision. If you don’t hold an Bank current account then call us to apply or to make an appointment to apply in branch.
You can save any amount from $1 upwards. There is no maximum balance.
You can access your money online, by phone or in any of our branches.
Preferential rates are available for Bank Advance customers.
