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. 

What is the maximum amount I can deposit?

The maximum total deposit amount per customer is £100,000.00. 

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.

Is interest paid Gross?

All interest is paid gross and it is the responsibility of the account holder to disclose their savings interest earned to their appropriate tax authority.

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.