Maximize Your Money: Smart Saving Starts Here
Striving to deliver competitive rates and products designed for simplicity and flexibility.
Why Save With Conister Bank?
Our digital platform, for your efficiency, security, and convenience.
Things you should know before applying:
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
Your eligible deposits with Conister Bank Limited are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. You can verify our status on the FSCS website using our FRN: 619002.
Any deposits you hold above the limit are unlikely to be covered. For further information visit www.fscs.org.uk
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.
This is the interest rate without the deduction of income tax. Interest is paid gross to your account.
What is a nominated account?
A nominated account, is the current account that you link to your deposit account with us. Any money you put into your deposit account needs to come from that account. Your nominated account needs to be a UK bank or building society account that can make and receive electronic payments (including faster payments, BACS and CHAPS). You'll need to specify this account when you open your deposit account. If you need to change the nominated account in the future, that's OK. Just get in touch via the self-service portal and we'll help you change it.
What are the tax implications?
All interest is paid gross with the deduction of income tax. It is the responsibility of the account holder to disclose their savings interest earned to the appropriate tax authority.
Can I open a business account?
No, as we're focusing on providing services to personal individuals. Unfortunately, this means we can't open accounts for businesses at the moment.
How do I manage my account?
Our Savings accounts are exclusively available for online applications. After opening your account, it can be managed online via secure messaging. The account requires a minimum opening balance of £5,000 with a maximum deposit of £100,000. Eligibility is limited to individuals 18 years or older, permanently residing in the UK, subject to UK tax only, and who can nominate a UK bank account.