Whether you’re saving for a wedding, a new car, a once-in-a-lifetime holiday or maybe all 3, you can open as many Flexible Saver accounts as you have reasons to save.
How much you save is up to you – you can put in a lump sum or save a little at a time, starting from just £1
You can choose to save by standing order, transferring a set amount into the account each month or by making a lump sum payment. There’s no maximum balance
This is an instant access account, so you can take out and transfer money whenever you need to, no notice required
You’ll earn interest on your savings – and, if you’re an Bank Advance customer, you’ll enjoy preferential rates that could help you save even more. More on Bank Advance
Once opened, you can manage your account via telephone and online banking, the Bank UK Mobile Banking app or in any of our branches
Open a Flexible Saver account today
Start saving for something special with just a £1 deposit.
Please read the important product information and check eligibility before you apply.
Flexible Savers help you save for anything, in a way that suits you. You can start your Flexible Saver account with just £1, and pay in lump sums or set up a standing order to save a set amount each month.
It's an instant access account, so you can put in or take out money whenever you like. There are no charges for withdrawals.
You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.
You'll earn interest on your money and if you're an Bank Advance customer you are eligible for a preferential rate. More on Bank Advance
Unless you tell us otherwise, we will send you paper statements via the post. If you prefer, you can switch off your paper statements on Online Banking.
Question |
Answer |
|---|---|
What is the account name? |
Flexible Saver |
What is the interest rate? |
Standard Rate Interest rate on all balances: 0.05% AER/Gross Preferential rate Interest rate on all balances: 0.10% AER/Gross Standard Rates - all customers except Bank Advance and Bank Graduate customers. Interest is calculated daily and credited to the account monthly. |
Can Bank change the interest rate? |
Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions. |
|
Standard rate Interest rate: 0.05% AER/Gross Balance at end of 12 months: £1,000.50 Preferential rate Interest rate: 0.10% AER/Gross Balance at end of 12 months: £1,001 For the purpose of this calculation, it is assumed:-
Projection provided for illustrative purposes only and does not take into account individual circumstances. |
How do I open & manage my account? |
Eligibility:
How to open the account:
Minimum/Maximum Balance:
How to manage the account
|
Can I withdraw money? |
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like. |
Additional Information |
A 14 day cancellation period applies to this account. We do not deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future. Definitions
Rates correct as at 06.04.18 |
To open an Bank Flexible Saver account, you need to be:
If you have an Bank current or another savings account and you're registered for online banking, you can apply online in minutes.
Log on to applyIt only takes a few minutes. Then, once you receive your security details, you can apply online right away.
Register for online bankingIf you don't have a Bank current account, call us to open the Flexible Saver or call us to make an appointment in your local branch.
If you’re liable to pay tax outside the UK, please apply at your local branch
To find out more, or to apply for a Flexible Saver account, call us on
0800 032 4729
Lines are open 8am to 8pm every day (excluding Christmas Day, Boxing Day and New Year’s Day).
Log on to applyBank Current Account customers can apply for this account by visiting one of our branches. You’ll just need to bring some identification and proof of your address.
Once your account is open, you can manage it in branch and online.
Call to book an appointment
In the UK 03457 404 404
Outside the UK +44 1226 261 010
Find a branchBefore applying, please take the time to read the following documents. You may also want to save them for future reference.
This tool will help you think about if your money is working hard enough for you and how you could take to achieve your goals.
Save up to £3,000 at a fixed rate of interest for 12 months.
Find out more about tax efficient savings and how to make the most of your ISA allowance.
You can apply for a Flexible Saver Account online or by popping into any of our branches.
If you’re registered for online banking you can apply online in minutes. It only takes a few minutes to register and once you receive your security details you can apply online to get an instant decision. If you don’t hold an Bank current account then call us to apply or to make an appointment to apply in branch.
You can save any amount from £1 upwards. There is no maximum balance.
You can access your money online, by phone or in any of our branches.
Preferential rates are available for Bank Advance customers.
With flexible banking and support from local Business Specialists, our bank accounts help you focus on making your business a success.
If you have investment or borrowing requirements of more than £3 million, we offer a range of private banking, wealth management and property services to help you manage your wealth today and for the future.
The Bank Expat Bank Account is an international current account that makes it easier for you to manage your money while you're living or working abroad.
Earn bonus interest every month you don't make a withdrawal.
That's all you need to open an account, to a maximum of £2,000,000. Please note that accounts are limited to one per customer
If you have more than £50,000 in your account, we pay a lower interest rate on the amount above that – see our interest rates.
When you qualify for a bonus interest payment, it’s calculated on the daily balance and paid monthly.
As the name suggests, this account is ‘online only’. That means you can access your funds anytime you need them and all your interactions with this account will be online.
Open a Online Bonus Saver today
Please read the important product information and check eligibility before you apply.
Our Online Bonus Saver account gives you a variable rate of 0.45% AER/gross (including bonus interest) for any calendar month you don't make a withdrawal. You'll get a variable rate of 0.10% AER/gross in any calendar month you do make a withdrawal or close your account.
You can open an Online Bonus Saver with £1 or more. If you have more than £50,000 in your account, interest is paid at a lower rate on balances above that amount.
|
Question |
Answer |
|---|---|
|
What is the account name? |
OnlineBonusSaver |
|
What is the interest rate? |
Standard Rate Interest rate on first £50,000: 0.10% AER (0.10% Gross) Interest Rate including bonus Interest rate on first £50,000: 0.45% AER (0.45% Gross) Interest is calculated daily and credited to the account monthly. The standard rate of interest is paid in any month where a withdrawal is made or you close your account. The interest rate including bonus is paid in any month where you don't make a withdrawal or don't close your account. Balances up to £50,000 will earn the higher rate of interest. Only the part of the balance above £50,000 will earn the lower rate of interest. |
|
Can Federal Chartered Credit Financial Solution change the interest rate? |
Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions. |
|
|
Initial Deposit of £1,000 Standard rate Interest rate: 0.10% AER (0.10% Gross) Interest rate including bonus Interest rate: 0.45% AER (0.45% Gross) Balance at end of 12 months: £1,004.50 Initial Deposit of £60,000 Standard rate Interest rate on 1st 50,000: 0.10% AER (0.10% Gross) Interest rate including bonus Interest rate on 1st 50,000: 0.45% AER (0.45% Gross) Balance at end of 12 months: £60,250 For the purpose of this calculation, it is assumed:
Projection provided for illustrative purposes only and does not take into account individual circumstances. |
|
How do I open & manage my account? |
Eligibility:
How to open the account:
Minimum/Maximum Balance:
How to manage the account
|
|
Can I withdraw money? |
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like. However if you do make a withdrawal you will receive the standard rate of interest for that month. |
|
Additional Information |
A 14 day cancellation period applies to this account. We do not deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future. Definitions
Rates correct as at 06.04.18 |
To be eligible for the Online bonus saver account you just need to be:
If you have an Federal Chartered Credit Financial Solution Current Account or other savings account and you're registered for online banking, you can apply online in minutes.
Log on to applyIf you already have an Federal Chartered Credit Financial Solution Current Account or savings account (excluding an ISA), you can register for online banking. Once you've received your security details, you'll be able to apply for and manage your savings account online.
Register for online bankingIf you’re liable to pay tax outside the UK, please apply at your local branch.
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
If you would like to use your allowance for stocks and share as well as cash.
Find out how much you could borrow with a mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage
Find out more about tax efficient savings and how to make the most of your ISA allowance.
You can save from £1. For balances that exceed £50,000 we'll pay a lower rate of interest. See our Interest Rates for current rates.
Please note that the maximum balance permitted is £2 million.
You can access your Online Bonus Saver Account via online banking only.
We will pay a variable rate of interest as well as bonus interest for any month when you don't make a withdrawal. Please note, no bonus interest will be paid in any month where a withdrawal is made. Interest is calculated daily and is paid monthly. See our Interest Rates for current rates.