Instant Access Saver

An easy way to manage your savings

Our Instant Access Saver account is a simple, straightforward way to save with no strings attached. You’re money’s not tied up and you can manage it by speaking to us in branch or over the phone.

 

 

Why choose an Instant Access Saver account?

  • Passbook based savings account

  • Instant access to your money

  • Open an account with as little as £1, up to £1,000,000

  • Easy to manage in branch or by post

  • It's a safe and secure home for your savings

Our Instant Access Saver account is a simple, straightforward way to save with no strings attached. You’re money’s not tied up and you can manage it by speaking to us in branch or over the phone.

 

 

Why choose an Instant Access Saver account?

  • Passbook based savings account

  • Instant access to your money

  • Open an account with as little as £1, up to £1,000,000

  • Easy to manage in branch or by post

  • It's a safe and secure home for your savings

Our Instant Access Saver account is a simple, straightforward way to save with no strings attached. You’re money’s not tied up and you can manage it by speaking to us in branch or over the phone.

 

 

Why choose an Instant Access Saver account?

  • Passbook based savings account

  • Instant access to your money

  • Open an account with as little as £1, up to £1,000,000

  • Easy to manage in branch or by post

  • It's a safe and secure home for your savings

How do I apply?

Call us on 0333 207 4007

Lines open 9-5 Mon to Fri (10-5 Wed). Calls may be recorded and/or monitored.

You can also visit in branch if you’d prefer.

What might an Instant Access Saver look like for me?

Instant Access Saver Representative Example
Interest Rate
0.75% AER Gross/AER variable
Open from
£1
Withdrawals
Yes. Instant Access
Additional Information

Manage your money quickly and easily online

Save up to £1,000,000 in your account

Deposit and withdraw any time you want

Initial Deposit
Balance after 12 months
Interest earned
£1,000.00
£1,007.50
£7.50
£10,000.00
£10,075.00
£75.00
£25,000.00
£25,187.50
£187.50
£50,000.00
£50,375.00
£375.00
What's the interest rate?

0.75% Gross/AER variable.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Gross interest is paid directly into your account on 31 March each year.

Will the interest rate change?

The interest rate is variable and can change as outlined in section 8 of our Online Savings Terms & Conditions.

If the rate increases, we’ll update our website. If the rate goes down, we’ll write to you 14 days before the change.

 

What would be the estimated balance after 12 months if I opened an account with £1,000?

After 12 months the estimated balance would be £1,007.50.

This estimate is just for illustrative purposes and doesn’t take into account any deposits or withdrawals you might make.

Can anyone open an Instant Access Saver?

Accounts can be opened by children aged 7 and over or by an adult on behalf of children under 18.

How do I open the account?

You can open an account in branch or download an application form online. You’ll need to provide proof of identity. The minimum opening deposit amount is £1, up to a maximum of £1,000,000.


You’ll get a passbook when you open the account and you can make deposits in branch (cash or cheque), by post (cheques only) or by bank transfer.

 

 

Can I withdraw money?

Yes. You can make an unlimited number of withdrawals online to a nominated bank account without notice, penalties or charges. 

You can make withdrawals in one of our branches too. You’ll need to bring proof of ID with you (for example, a valid Passport) and your signature (for example, a valid driving licence).

 

When and how is interest paid into my account?

Gross interest is paid directly into your account without tax deducted each year on 31 March. You might need to pay tax on savings interest – this should be arranged directly with HMRC through your tax return.


If you’re a basic rate taxpayer and have savings income or interest of more than £1,000 (£500 for higher rate taxpayers), you’ll have to pay some tax on this. You can find out more by calling HMRC on 0300 200 3300 or visit hmrc.gov.uk

Please read the Savings Terms & Conditions section for general conditions.