120 Day Notice Account
4.65% AER

Account name

120 Day Notice Account

Expected Profit Rate (EPR)

4.65% AER/Gross p.a. - Annual Profit
4.65% AER / 4.55% Gross p.a. - Monthly Profit

Can Gatehouse Bank change the expected profit rate?

Yes, the expected profit rate is variable. We can increase or decrease the rate as set out in our Savings Terms and Conditions.

We will provide you with 134 days' notice of any reduction to the expected profit rate applicable to your account. This notification is equal to the notice that you provide to us for withdrawals plus an additional 14 days.

What would the estimated balance be after 1 year based on a £1,000 deposit?

£1,046.50

Please note: This projection is provided for illustrative purposes only and does not take into account customer’s individual circumstances. This projection is based on an initial £1,000 deposit, with profit paid annually and no further deposits or withdrawals made.

How do I open and manage my account?

New customers can open an account online using the ‘apply now’ button.

Existing customers should simply login to your account and go to 'Open New Account'.

To apply for an account you must be at least 18 years old, a UK resident (or resident in the UK for tax purposes) and you will require your bank account details along with your mobile phone number. Once opened, you can manage your account online 24/7 and by using our Savings App.

Minimum initial deposit is £500.
Maximum balance for this account is £1,000,000.

Additional deposits are permitted at any time. The minimum additional deposit is £1.

How do I fund my account?

We will apply the profit rate shown on our website, or a higher rate if we have increased it, provided that you send us your deposit amount by bank transfer or cheque within 30 days of making your application. Funds sent to your account must be from your nominated account. Please be aware that if we have not received your deposit amount as cleared funds within 30 days of making your application, the account will not be opened and you will need to reapply.

Can I withdraw money?

You can withdraw your money from your account by providing 120 days' notice. You can provide the notice through our Savings App or our Online Savings Portal.

Additional information

You can elect to have profit paid annually or monthly, either to your savings account, your nominated account or another suitable account in your name. Profit will be paid annually (on the account opening anniversary) or monthly. Profit will be paid gross of UK income tax. This means that we will not deduct any income tax from the profit payments you receive on your Gatehouse Bank deposit.

New customers can open an account online using the ‘apply now’ button.

Existing customers should simply login to your account and go to 'Open New Account'.