Gatehouse Bank increases rates on a selection of its savings products
Gatehouse Bank has today increased rates across a selection of its savings products, including its Easy Access account and Easy Access Cash ISA, 1-year and 18-month Woodland Saver Cash ISAs, and both of its Notice Accounts.
Notice Account rate changes
The biggest increase in Expected Profit Rate* applies to Gatehouse Bank’s 95 Day Notice Account which has risen by 0.35 percentage points to 3.25%.
| Product | Old Rate (%) | New Rate (%) |
| 95 Day Notice Account | 2.90 | 3.25 |
| 120 Day Notice Account | 3.00 | 3.30 |
Easy Access rate changes
Gatehouse Bank’s Easy Access savings account and Easy Access Cash ISA now both offer the same rate of 3.05%. Both products allow deposits and withdrawals at any time and can be opened with a minimum deposit of £1.
| Product | Old Rate (%) | New Rate (%) |
| Easy Access Account | 3.00 | 3.05 |
| Easy Access Cash ISA | 2.90 | 3.05 |
Fixed Term Woodland Saver Cash ISA rate changes
Gatehouse Bank has also increased the rates on its 1-year Woodland Saver Cash ISA and 18-month Woodland Saver Cash ISA, which have risen by 0.15% and 0.05%, respectively.
| Product | Old Rate (%) | New Rate (%) |
| 1 Year Fixed Term Woodland Saver Cash ISA | 3.80 | 3.95 |
| 18 Month Fixed Term Woodland Saver Cash ISA | 3.95 | 4.00 |
Ravi Kumar, Senior Product Manager at Gatehouse Bank, commented: “As people continue to feel the pinch caused by the ongoing cost-of-living crisis, it's more important than ever to help our customers achieve their financial goals by providing the best possible returns on their deposits. Today's savings rates changes have been designed with this in mind.”
*As a Shariah-compliant Bank, Gatehouse Bank’s savings products have an Expected Profit Rate instead of a fixed interest rate. The Bank monitors this on a daily basis to ensure it will be achieved and has always generated and paid its customers the expected profit rate to date.