Regular Saver Account (Issue 2)
5.30% AER

Account name

Regular Saver Account (Issue 2)

Is this account right for you?

This account is designed for:

• Savers who want to save up to £300 a month
• Savers who are happy to have NO access to their funds during a 12 month period
• Savers who want to open their account online, and manage it online or using our Savings App

This account is not designed for:

• Savers who want to save more than £300 each month
• Savers who want access to their funds within 12 months of opening the account
• Savers who do not wish to open or manage their account online

Expected Profit Rate (EPR)

5.30% AER/Gross p.a. - Annual 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 at least 30 days’ notice of any reduction to the profit rate applicable to your account. During this notice period you have the option to continue with your account at the new rate, or close your account immediately with your savings returned, along with profit earned.

What would be the estimated balance be at the end of the 12 month term, based on 12 deposits of £300, totalling £3,600?

£3,795.50

Please note: This projection is provided for illustrative purposes only and does not take into account customer's individual circumstances. The projection is based on you depositing £300 on the first day of each month throughout the term of the product, with profit paid to the account when it matures at the end of the term.

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). Only individuals can open an account and only ONE Regular Saver account is allowed per person. Joint accounts are not permitted. When your account matures at the end of the 12 month term, you may open a new Regular Saver account, subject to availability at that time.

To open an account 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.

How do I fund my account?

You can fund your account via bank transfer or cheque, only from your nominated account. You should deposit funds into your Regular Saver account before the 25th of each calendar month to ensure funds are received before the end of the calendar month. You can make multiple deposits into the account per month, up to the maximum monthly allowance.

At account opening, we will apply the profit rate shown on our website, or a higher rate if we have increased it, if you send us your initial deposit amount within 30 days of making your application. We will automatically cancel your application if the account is not funded within 30 days.

You don’t have to make a deposit each calendar month. If you miss a month, or don’t pay in the maximum allowed, you can’t carry over the unused amount and catch up in future months.

Minimum initial deposit is £1
Maximum deposit of £300 per month

Can I withdraw money?

Withdrawals are not allowed during the 12 month term of your account.

At the end of the 12 month term, your money and profit will be transferred to an Easy Access account.

Additional Information

Profit will be paid to your savings account on maturity, on the account opening anniversary. 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 below.

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