Easy Access Savings Account

Everything you need to know

Clear sky

You can apply for this account if you:

  • Are aged 18 or over

  • Are a UK resident

  • Want a sole account only

  • Have a UK mobile phone number

  • Have a valid email address

  • Have a UK bank account in your name and registered at your address – this will be your Nominated Account. We will use Open Banking to verify your Nominated Account details. Your Nominated Account will be the only bank account that you can use to send money in and out of your thisbank account

Why open this account:

  • Interest rate – 3.76% gross / 3.82% AER variable. Interest is paid gross

  • Open your account with just £1 and save up to £500,000

  • Interest is calculated daily and paid monthly into your Easy Access Savings Account

  • Access to your funds whenever you want

  • Customise your account by giving it a name to reflect your savings goals!

Read the summary box below for more information. Deposits up to £120,000 per eligible person are protected by FSCS. Please note: the account must be opened in sole name only and it needs to have at least the minimum balance within 14 days from your application submission date, otherwise it will be closed.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year. Gross interest is the interest rate paid without the deduction of income tax.

Before you start

  • Your application should only take 5 minutes to complete
  • You’ll need to tell us your UK bank account sort code and account number, and your tax identification number (TIN) if you pay tax in a country other than the UK – so have them to hand!
  • Before submitting your application, you’ll need to download and accept the important information, this includes the account summary box, our terms and conditions, and an FSCS information sheet
  • We will tell you if your application is accepted, referred or declined at the end of the application
  • If your application is referred we will contact you as soon as possible with an update on what to do next
  • If your application is accepted you’ll receive a Welcome Email with your account details so you can send money to your account straight away
  • Read our terms and conditions here

Ready to apply?

New to this?

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Already a customer?

Simply log in to your internet banking and click “Open new savings account” on your dashboard then follow the steps.

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Summary box

  • 3.76% gross / 3.82% AER variable* variable on balances above £1. Balances below £1 will not earn interest
  • *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year. Gross interest is the interest rate paid without the deduction of income tax
  • Interest is calculated daily and paid monthly into the Easy Access account on the last working day of the month. You can check the interest rate applicable to your account on any day by logging into internet banking
  • The need to pay tax is dependent on your own personal circumstances

Yes, rates are variable. This means we may increase or decrease interest rates at any time, for example, to reflect a change in the Bank of England bank rate, if there are changes in the cost to us of providing accounts to you, or to maintain our financial stability.

We will give you 14 days’ notice if we reduce the interest rate and will update you within 14 days if we increase the rate.

Based on a Deposit on the last working day of the month ofProjected Balance
£1,000£1,037.60
£50,000£51,880.00
These examples are provided for illustration purposes only and are based on one lump sum deposit being made at account opening, with no further deposits or withdrawals. Please also note that individual customers’ circumstances are not taken into consideration within the illustration.

Eligibility

  • You must be aged 18 or over and be a UK resident to open a thisbank savings account
  • You must have a bank account in the UK

Account opening and management

  • You can open and manage this account online
  • The account must be opened in sole name only
  • Send money from and to your UK Nominated Bank Account.
  • You must open this account with at least £1. This is the minimum balance for this account
  • You must add at least the minimum balance to your account within 14 days of submitting your application
  • Maximum balance is £500,000
  • There are no restrictions on the number of times you can send money from and to your UK Nominated Bank Account to this account
  • There are no limits on the number of withdrawals you may make to your UK Nominated Account
  • Your UK nominated account must be in Pound Sterling (GBP).
  • Withdrawals can be made by using the internet banking at thisbank
  • We’ll generally communicate with you through email which is why it’s important to keep your details up to date
  • Please check the Personal Savings Allowance as you may need to pay tax on the interest you receive. Please contact HMRC if you need more information
  • An account with thisbank in the UK does not give you any membership rights with thisbank