GB Bank
Notice Account
Interest rate (AER*)
4.35
%
Variable
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
Gross (Monthly)
4.27
%
Gross (Annually)
4.35
%
Term
35 Days
Eligibility
18+ Age
UK Resident
Minimum Opening Balance
£
1
Withdrawals Permitted?
Not before maturity
Yes
- The interest rates on our Notice Accounts are variable
- Open an account, complete identity checks and move your money in minutes
- The minimum deposit required is £1,000
- You can make unlimited withdrawals, subject to the applicable number of days' notice
- If you change your mind within 14 calendar days of opening your account, we’ll cancel your account and return your money without charges or asking for notice
What is the interest rate?
10.00% Gross1 / AER2
- This rate is variable and can change at any time
- All interest is paid gross.
- Interest is calculated daily and paid into your account annually or monthly (dependent on which option you choose).
Can GBB change the interest rate?
The interest rate is variable. If we increase the interest rate on your account, we will let you know as soon as possible. If we reduce the interest rate, we will notify you 14 days ahead of the change. See the General Terms and Conditions for more information.
What would the estimated balance be after 1 year based on a £1,000 deposit?
Projected Balance: £1,332.06
This example is for illustrative purposes only and shows the projected balance after 1 year if you added £1,000 to your account and did not add any more money.
How do I open and manage my account?
- You can open and manage this account online at http://www.gbbank.co.uk.
- You must be a UK resident and aged 18 or over.
- The minimum opening balance for this account is £1,000.
- You have 21 calendar days from account opening to deposit your funds to your savings account.
- The minimum operating balance is £1.
- You have 21 calendar days from account opening to deposit funds to your savings account.
- The maximum account balance permitted is £100,000.
- Money must added by electronic transfer from a UK bank account which is held in your name.
- If your balance does not meet the minimum account balance after 21 calendar days, we will return your money to you and close your account.
- Please make sure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
- Withdrawals are subject to a 35 day notice period. Early withdrawals are not permitted.
- To withdraw funds from your account, log into your account online and follow the instructions.
Additional information
- For further details on how your account works, please refer to the Savings Terms and Conditions.
Protection for peace of mind
GB Bank has a full UK banking licence and offers the same level of protection as the traditional high street banks. When you save with us your money is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).
London Office
73 Brook Street
Mayfair, London
England, W1K 4HX
Middlesbrough Office
2 Centre Square
Middlesbrough
TS1 2BF
GB Bank - Postal Address
PO Box 147
Innovation House Coniston Court
Blyth Riverside Business Park
BLYTH
NE24 9FX
All Rights Reserved.