Deposit Account

Maximize Your Money: Smart Saving Starts Here

Striving to deliver competitive rates and products designed for simplicity and flexibility.

Why Save With Conister Bank?

Things you should know before applying:

AER

AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.

GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account. Read more about terms

Financial Services Compensation Scheme (FSCS)

Your eligible deposits with Conister Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information visit
www.fscs.org.uk

Prudential Regulation Authority (PRA)/Financial Conduct Authority (FCA).

Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The FCA & PRA regulate many different kinds of financial services companies, and make sure that banks treat their customers fairly. Find out more at www.fca.org.uk or www.bankofengland.co.uk/pra.

Gross

This is the interest rate without the deduction of income tax. Interest is paid gross to your account. 

Can I withdraw from my account?

You can only withdraw from your Account (Fixed Term Deposit Account) upon maturity. Should maturity occur on a non-business day, access to your funds will be provided the following business day. We will notify you in advance of your maturity date. Upon reaching maturity, you have the option to either withdraw your funds or transfer them to a new Conister account, contingent on the terms and conditions of the chosen account.

Failure to inform us of your decision by the maturity date will result in your account transitioning to your Instant Access Account which attracts a nominal interest rate.

 

 

Why did you apply for a UK licence?

Our strategy is to grow our business and continue to add value to our existing customers and to attract new customers. Securing an additional deposit taking licence enables us to achieve this. 

Where can I find the Deposit Terms and Conditions?

If you need any assistance or would like to understand any of the information in the Terms and Conditions, please feel free to get in touch with our team. We’re here to help! 

Can Conister Bank change the interest rate?

If the interest rate is fixed, the interest rate cannot be changed over the term of the account.