New customers        

Please make sure you have read the

Regular Saver

And

Personal Savings Terms and Conditions.

Regular Saver

Opening a regular saver account is a great way to get into the habit of saving, or to save up for that special occasion. You can open an account with just £25, so you don’t need to have a lump sum saved already. Each month you can pay in as little or as much as you like, up to the maximum of £300.

GB Bank

Regular Saver

Regular Saver

Interest rate (AER*)              

5.00

%

Variable

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

Gross (Monthly)    

5.00

%

Gross (Annually)   

5.00

%

Term    

12 Months

Eligibility

18+ Age

UK Resident

Minimum Opening Balance

£

1

Withdrawals Permitted?

Not before maturity

Yes

Key Points
  • Get a variable rate of interest
  • The minimum deposit required to open this account is £100
  • You can make transfers out or withdrawals whenever you like
  • The maximum monthly deposit amount for this account is £250 in total per calendar month, which can be made in one deposit or multiple deposits during the month
  • Interest can be paid monthly or yearly
  • At the end of the 12 month term, your account balance and the interest you've earned will be transferred to an easy access account
  • 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 calendar 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 £100.
    • You have 21 calendar days from account opening to deposit your initial funds to your savings account.
    • The minimum operating balance for this account is £1.
    • The maximum amount you can deposit in a given month is £250 – this can be made in multiple deposits.
    • You do not have to make a deposit each calendar month.
    • 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?
    • A minimum term of 12 months applies on this account. Withdrawals are not permitted for the 12 month term.
    • After 12 months, the account will roll over into an Easy Access account. You will have immediate access to your funds from this point.
    Additional information
    • For further details on how your Regular Saver 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).