New customers        

Please make sure you have read the

Easy Access Account

And

Personal Savings Terms and Conditions.

Easy Access Account

Apply online and open an easy access savings account with GB Bank. It’s convenient and secure, and you’ll have the flexibility to pay in or withdraw your savings whenever you like.

GB Bank

Easy Access

Easy Access Account

Interest rate (AER*)              

4.30

%

Variable

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Gross (Monthly)    

4.22

%

Gross (Annually)   

4.30

%

Term    

12 Months

Eligibility

18+ Age

UK Resident

Minimum Opening Balance

£

1

Withdrawals Permitted?

Not before maturity

Yes

Key Points
  • The interest rate on our Easy Access Account is variable
  • The minimum amount required to open is £1,000
  • Unlimited withdrawals - access your money whenever you need it, without restriction or loss of interest

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 GB Bank 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.
  • 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?
  • You can withdraw money from your account at any time without penalty or notice.
  • To withdraw funds from your account, log into your account online and follow the instructions.
Additional information
  • For further details on how your Easy Access 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).