Please read the Terms & Conditions before applying
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.
This account has limited availability and can be withdrawn at any time.
To apply for an account, you must have a UK current account in your name to use as your Nominated Account.
This will be the account you use to make payments in and out of this account, so it's important that your Nominated Account uses an identical account number and sort code for money in and money out.
You want a financial services provider you can trust. To help you make an informed decision, here's some of the reasons why Secure Trust Bank may be the right place for you and your money:
Account name
Access Account (Issue 23)
What is the interest rate?
4.20% AER* / 4.12% gross pa
Interest is calculated daily and applied at the end of each month. You can choose to have your interest added to your account or paid away to your Nominated Account.
Can Secure Trust Bank change the interest rate?
Yes, we can vary your interest rate. We will notify you as per your Terms and Conditions - please see clause 13 of the General Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Your estimated balance would be £1,042.00 based on a deposit of £1,000 after 12 months
This is for illustrative purposes only, does not take into account individual circumstances and makes the following assumptions:
How do I open and manage my account?
To open an account you must:
The minimum operating balance is £1, and the maximum balance for the account, excluding credit interest is £250,000.
Please be advised the maximum aggregate balance across all accounts held is £1,000,000.
How to open the account and pay in:
How to manage the account:
Accounts are managed by Internet Banking, app or phone.
Statements are provided via Internet Banking, with the ability to download and print or the option to change to paper if required.
We do not provide Internet Banking for a Power of Attorney or Third Party.
Can I withdraw money?
Yes, you can make unlimited withdrawals to your Nominated Account. You can do this via Internet Banking or calling our Customer Service team.
Withdrawals can be made without providing notice. We apply cut-off times to payments to allow time for these to be processed.
Instructions received | When you can expect your funds | Example |
---|---|---|
By 2.30pm on a Business Day | By close of business that day | Instruction received at 1pm on Tuesday. You will receive your funds by close of business on the same day. |
After 2.30pm on a Business Day | By close of business on the next Business Day | Instruction received at 4pm on Thursday. You will receive your funds by close of business on Friday. |
On a non-Business Day | By close of business on the next Business Day | Instruction received on a Saturday. You will receive your funds by close of business on Monday. |
Additional information
Any interest earned will be paid gross; we will not deduct tax from interest accrued on your savings. Please consider your Personal Savings Allowance as to whether you need to pay tax on the interest earned.
Tax treatment may be subject to change in the future. For more information, please visit HMRC at www.gov.uk
This is a strictly limited issue and can be withdrawn at any time. We will not contact you to let you know when the account is withdrawn.
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.