What is the product?

This is a notice account and is suitable for you if you have short to medium term savings goals. You can manage this account through our Savings App or our Online Savings Portal.

The account is designed for savers who are willing to provide notice to access their funds. This product requires you to provide us with 95 days' notice to make any withdrawals or close your account.

Key product information

Account name

95 Day Notice Account

Expected Profit Rate

1.90% AER/Gross p.a. - Annual Profit
1.90% AER / 1.88% 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 109 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?

£1,019.00

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?

You can open your account online using the ‘apply now’ button. 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 14 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 95 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.

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Savings customer support & contact information

Support is available by telephone and online, by logging into your account.

Postal address:

Gatehouse Bank, PO Box 861, Wallsend, NE28 5BP

Telephone:

0345 600 3350 (Mon-Fri, 9am-5pm)

Email:

info@gatehousebanksavings.com

Making a complaint

If you are unhappy with any aspect of our service and want to make a complaint, please contact us in the first instance and we will try to resolve the complaint as fast and fairly as possible. A copy of our complaints policy is available on our website.

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Financial Services Compensation Scheme (FSCS)

Your eligible deposits are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme. The FSCS can pay compensation if a bank is unable to meet its financial obligations. Each account holder is entitled to claim up to the current FSCS limit in respect of the total value of all accounts you hold with us. Currently, this is up to £85,000 per person and £170,000 for joint accounts. Any deposits you hold above these limits are not covered. Please visit www.fscs.org.uk for further information.

FSCS Protected