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.
How is interest calculated?
Interest is calculated daily. Interest will be paid on the anniversary of the date we receive your first deposit – this will be monthly or annually depending on the product you choose. If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.
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.
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.
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.