Basic Savings Account

This product is no longer offered.

You can apply to open a Basic Savings Account with £1 (minimum balance) or more but interest will only be paid on cleared balances of £100 or more.

Interest is calculated daily on the cleared credit balance and will be credited at each year-end on 31st December to your account. Click for interest rates.

You will receive your bank account statement annually.

As an account holder you will be entitled to reduced charges on money transfers to Turkey and Northern Cyprus in accordance with the published tariff.

You can have access to the balance on your account during banking hours without charge.

Standing Orders and Direct Debits are not allowed on this account.

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