Triple Access Savings Account

• You can make up to 3 withdrawals every 12 months from account opening to your UK nominated bank account held in your name with a bank or building society which is part of the UK clearing system.
• Transfers to another thisbank account will count as a withdrawal.
• Your UK nominated bank account must be in Pound Sterling (GBP).

Withdrawals can be made by using the thisbank Online Savings Portal or our app

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

• The account must be opened in sole name only.
• You can open your thisbank Triple Access Savings Account online here and manage your account online or by contacting Customer Services on 0808 196 1945 between 9am – 6pm Monday to Friday, and 9am – 12:30pm on Saturday, or you can email customerservice@thisbank.co.uk.
• Send money from and to your UK Nominated Bank Account.
• You must open this account with at least £1,000. This is the minimum balance for this account.
• If you do not maintain the minimum balance within 14 days of account opening we will:

–  Close any account with less than £1 deposited, and return any funds to you (as applicable).

–  On balances between £1 – £999.99 will be moved to an Easy Access Savings Account

and earn the interest rate applicable at the time from the day we move the account.

• The maximum amount that can be deposited in the account is £500,000 per customer.
• You do not have to deposit any further minimum amount at any time following the initial deposit.

View your balance using our secure Online Savings Portal.

You can see how many withdrawals you have left in your Online Banking Services in your account details. When you make a withdrawal, we’ll also keep you updated through one or more of the following channels:

• Email
• Push notifications
• In-app messages

That means when you’ve used all your withdrawals, we’ll tell you in advance. Once you can make withdrawals again, we’ll confirm that in your dashboard and by message. Your yearly withdrawal limit also resets on your account opening anniversary.

These examples are based on one lump sum deposit being made at account opening, with no further deposits or withdrawals made, and are provided as an illustration only and do not take into account individual customers’ circumstances.

If you don’t fund the account at all by the 15th day after opening your account, it’ll be closed. If you deposit between £1 – £999.99, your savings will be transferred to our Easy Access Savings Account, with a minimum balance of £1. Your savings will earn interest at the applicable rate on the date we make the transfer.

Any balance below the £1,000 minimum balance requirement will earn 0.00% interest until the minimum balance is increased to £1,000 or more. We’ll let you know when a withdrawal request will reduce your minimum balance below £1,000.

You can see through our Online Banking Services (in account details) if your account is currently earning interest. Before you make a withdrawal, we’ll also let you know if your balance will drop below the minimum needed to earn interest. If that happens, we’ll remind you through one or more of the following channels:

• Email
• Push notifications
• In-app messages

When your balance goes back above the minimum and starts earning interest again, we’ll let you know through the same channels.

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 or if there are changes in the cost to us of providing accounts to you.

We will give you 14 days’ notice before we reduce the interest rate. If we increase the interest rate, we will update you within 14 days of the increase.

• We’ll generally communicate with you through email and secure message through our Online Banking Services. It is important to keep your details up to date.
• Your eligible deposits held with thisbank are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Find out more about the scheme and how it protects you by clicking here.
• The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. Additional rate taxpayers don’t receive a Personal Savings Allowance. You may need to pay tax on any interest that exceeds the Personal Savings Allowance. Please contact HMRC if you need more information.

Customer Services are available on 0808 196 1945 between 9am – 6pm Monday to Friday, and 9am – 12:30pm on Saturday or you can email customerservice@thisbank.co.uk.