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 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.

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. 

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.

I would like to open a joint Fixed Term Deposit account, can I do this online?

Our Fixed Term Deposit Accounts are currently accessible only to sole retail customers. However, we are actively developing an online solution for joint account holders, which will be available in the near future