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Whether you’re a worst-case-scenario worrier or you’ve got a goal in mind, the right savings account can make all the difference.
Open an account in less than 5 minutes
Are a UK resident
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
Interest rate – 4.20% gross / 4.28% AER variable; 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.
Start with £1,000 and save up to £500,000
Fund your account within 14 days of opening. If it isn’t funded in time, we’ll move your money into an Easy Access Savings Account so it continues to earn interest and stays accessible. Accounts with less than £1 will be closed.
If your balance falls below £1,000, we’ll let you know you’re no longer earning interest
Access your funds up to three times a year (resets on your account opening anniversary)
We’ll keep you updated with email alerts on your balance and remaining withdrawals
Interest is calculated daily and paid monthly
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 or transferred to our Easy Access Savings Account.
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.
We work in partnership with GoCardless to securely transfer your first deposit from your nominated account using Open Banking.
Enjoy the benefits of a better way to bank. Open an account today – it only takes 5 minutes.
Simply log in to your internet banking and click “Open new savings account” on your dashboard then follow the steps.
AER stands for Annual Equivalent Rate and represents the interest rate that would be earned if interest were paid and compounded once each year. Gross interest is the interest rate paid before deducting income tax.
Withdrawals can be made by using the thisbank Online Savings Portal or our app
Eligibility
Account opening and management
– 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.
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:
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:
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.
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.
If you need any further help or have questions, don’t hesitate to reach out. Our dedicated Customer Service team is here to help you.
Monday – Friday 9:00 – 18:00 Saturday 9:00 – 12:30
