Raisin UK - Fixed Term Deposit
4.67 % AER / 4.78 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can BACB change the interest rate?
The interest rate applicable to your Fixed Term Deposit is fixed once you fund your Raisin UK Account and BACB approves your application. The interest rate will stay the same throughout the duration of the fixed term. Should BACB amend the interest rate applicable to your Fixed Term Deposit before you have fully transferred funds to your Raisin UK Account, and the amended interest rate is lower than the interest rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. We will contact you if this occurs.
What would the estimated balance be after 24 months based on a £1,000 deposit?
The estimated balance after 24 months on a deposit of £1,000 is £1,095.60. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
You have the right to close this Fixed Term Deposit without charge and without giving any reason within 14 calendar days from the day it is opened. After these 14 days, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by the bank in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to BACB by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
Raisin UK - Fixed Term Deposit
4.60 % Gross/AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can Ziraat Bank change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account.
We will contact you if this occurs. Please note, for renewal orders the rate you will receive will be confirmed as the rate available 5 days before the date of maturity. Please see our FAQs for more information.
What would the estimated balance be after 12 months based on a £1000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,046.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by Ziraat Bank in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Ziraat Bank by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - 3 Year Fixed Rate Savings Account
4.60 AER / Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded annually and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can RCI Bank change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. We will contact you if this occurs.
What would the estimated balance be after 36 months based on a £1,000 deposit?
The estimated balance after 36 months on a deposit of £1,000 is £1,144.45. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £95,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by RCI Bank in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Transfers of funds must be received within 60 calendar days (the funding window) of your savings account application date. Any funds received after this period will be held in your Raisin Account, awaiting your instruction.
Funds must be transferred to your Raisin Account from a UK bank or building society account in your name by electronic bank transfer only, and to the exact amount pledged when you applied for the savings account.
Typically, your funds will be remitted to RCI Bank by ClearBank once the bank has confirmed your application. Depending on how your funds are transferred and the bank’s processes it can typically take up to 2 days for an ordered account to be set up and start earning interest.
What is the interest rate?
Term/Product - 12 Months. Gross rate 4.53%. AER 4.53%.
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
Can OakNorth Bank change the interest rate?
No. The interest rate is fixed during the term.
What would the estimated balance be after 12 months* based on a £1,000 deposit?
Term/Product - 12 months
Initial Deposit at account opening - £1,000
Balance after maturity - £1,045.30
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
How do I open and manage my account?
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the 'My Account' section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Can I withdraw money?
No, our Fixed Term Deposit Accounts do not allow for funds to be withdrawn during the term of the deposit. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
We will write to you at least 14 calendar days before your maturity date to explain your options. We may also send you additional reminders during this time to inform you of the options available as follows:
transfer your entire account balance (principal and interest) to your nominated bank account;
reinvest the principal in another available deposit product with us, and transfer the interest you earned to your nominated bank account;
reinvest your account balance (principal and interest) in another available deposit product with us (provided this wouldn’t put you above the maximum balance limits); or
reinvest a portion of the principal in another available deposit product with us and have the remainder of the principal and interest paid to your nominated bank account.
If we do not receive your instructions before the account maturity date, the total amount including interest will be automatically transferred to a variable rate Easy Access Deposit account with us. See our Easy Access Deposit account page on our website for the current interest rate.
Additional information
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
Raisin UK - Fixed Term Deposit
4.20% AER (paid as 3.90% gross). AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded annually and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can Furness Building Society change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
What would the estimated balance be after 24 months based on a £1,000 deposit?
The estimated balance after 24 months on a deposit of £1,000 is £1,085.76.
This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Furness Building Society in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Furness Building Society by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
*4.14% includes a 1.14% boost for 12 months. Available to new customers only
What is the interest rate?
Term/Product - Easy Access Tracker Account. Interest rate without boost
3.00% AER/2.96% gross (variable) Interest rate with boost
(includes a temporary increase of 1.14% AER for first 12 months) 4.14% AER/ 4.06% gross (variable)
For customers who are new to OakNorth only, an additional fixed boost of 1.14% AER for the first 12 months from the date the account is opened. Existing OakNorth customers will receive the variable interest rate without the boost.
The interest rate follows the Bank of England base rate plus a spread, as shown above. Spread is the percentage added to or subtracted from the Bank of England base rate.
Your account will start accruing interest once we’ve received and processed your first deposit. This usually happens the same business day, but no later than the next. Interest is calculated on the minimum daily balance and applied monthly.
If you withdraw funds, interest will be calculated on your total balance up to – but not including – the withdrawal date.
Boost interest
The 12-month boost is available to customers who are new to OakNorth only from the date the account is opened. A new customer is defined as someone who has never held an OakNorth personal savings account.
After the 12-month boost period ends, the boost will be removed automatically and your interest rate will move to the standard Easy Access Tracker rate, which continues to follow the Bank of England base rate plus a spread.
Go to the Bank of England website to monitor the base rate.
You can find the interest rates for all issues of our accounts on our website.
Can OakNorth change the interest rate?
Yes. Interest rates are variable and tracks the Bank of England base rate. If the Bank of England base rate changes, the new interest rate on your account will apply from the following business day that this takes effect.
We may adjust the spread at our discretion, as outlined in our Terms and Conditions.
If the spread increases your rate, we’ll email you as soon as we can and in any event within 30 calendar days of the change taking effect. If it decreases, we’ll notify you at least 14 days in advance.
The 1.14% AER boost is fixed for the 12-month boost period and will not change during that time. Once the boost period ends, it will be removed automatically. We’ll notify you at least 14 days in advance of the boost being removed.
What would be the estimated balance after 12 months based on £1,000 deposit?
With 12-month interest rate boost for new customers:
Product- Easy Access Tracker Account
Initial deposit at account opening - £1,000.00
Balance after 12 months - £1,041.40
Balance after 24 months (12 months with boost and 12 months without boost) - £1,072.64
Without interest rate boost:
Product- Easy Access Tracker Account
Initial deposit at account opening - £1,000.00
Balance after 12 months - £1,030.00
These examples are for illustrative purposes only and are based on the current Bank of England base rate. They assume no further deposits or withdrawals, that interest is accrued daily and applied monthly, that any interest earned stays in the account, and that the Bank of England base rate does not change.
In addition, the “with 12-month boost” example assumes the boost applies for the full 12 months before reducing to the above non-boosted tracker.
These examples don’t take individual circumstances into account.
How do I open and manage my account?
You must be a UK resident aged 18+ with a personal UK bank or building society account. Apply via our website or app.
Once approved, you’ll have 14 calendar days to make your first deposit. The minimum deposit required to open your account is £1. After the 14-day window, your account will be automatically closed if no funds have been added.
You can deposit up to £500,000 into a single account, and make multiple deposits at any time – up to the maximum balance allowed. However, the total amount you can hold with us across all your OakNorth accounts (excluding interest) is capped at £500,000 per person.
If the product is withdrawn, existing accounts will remain open, but no new applications will be accepted.
To manage your account, log in via the OakNorth web platform or app. Alternatively, you can contact us by email or phone.
Can I withdraw money?
Yes. You can withdraw funds at any time with no limits on the number of withdrawals. Withdrawals are processed the next business day or within two business days if requested on a non-business day.
Withdrawals can be made via the OakNorth web platform or app, or by contacting us via email or phone.
If your balance remains £0 for six months, we may close your account. You’ll be notified at least six weeks in advance.
Additional information
Interest will be paid gross, with no tax deduction. This is based on current tax laws, which may change. The Annual Equivalent Rate (AER) shows the interest rate if paid and compounded annually.
This product includes a temporary introductory boost for new OakNorth Easy Access Tracker Accounts. After the boost period ends, the interest rate will reduce.
This Summary Box highlights key product features. It’s not a substitute for our full Terms and Conditions.
**Withdrawal of funds
You can trigger a withdrawal from your savings account to your linked bank account via the web platform, app, email or phone – our contact details are on our website. 2.1 We impose some restrictions on your withdrawals. a) You can only withdraw up to your savings account balance. If you try to withdraw more than this, we will reject your request. b) We may impose limits on the maximum withdrawal you can make. If this does apply, we will notify you at least 30 days before this change takes effect. If we receive your withdrawal request on a business day, the money will be sent back to your linked bank account on the following business day. If we receive your request on a non-business day, the money will be sent back to your linked bank account within 2 business days.
What is the interest rate?
Term/Product - 95 days. Spread* vs Base Rate % - 0.37. Gross rate 4.04%. AER 4.12%.
The interest rate tracks the Bank of England (BoE) Base Rate (To view the latest rate visit here) plus a spread* as mentioned above.
*Funds can be withdrawn from you account with correct notice.
Your savings account will start generating interest no later than one business day from when we receive and apply your first deposit to your savings account and interest is calculated daily from the business day your funds are applied to your savings account.
Can OakNorth Bank change the interest rate?
Yes. Interest rates are variable and can be increased or decreased dependent on the Bank of England base rate.
OakNorth may also adjust the spread at any time at our sole discretion as outlined in the Interest Section of our Specific Terms and Conditions- Notice Tracker Accounts.
If we change the spread applicable to your interest rate, which results in your interest rate decreasing, we will notify you at least 14 calendar days in addition to the notice period as per the type of account opened, prior to the decrease..
What would the estimated balance be after 12 months* based on a £1,000 deposit?
Term/Product - 12 months
Initial Deposit at account opening - £1,000
Balance after maturity - £1,041.20
*These are only examples for illustrative purposes and do not take into account your individual circumstances.
These estimates assume that the account remains open for the duration of the stated term, deposits are made in a single payment, and interest is accrued daily and applied to the account on the maturity date of your account.
How do I open and manage my account?
Our accounts are available to individuals, aged 18 or over, who are UK residents (i.e., England, Wales, Northern Ireland and Scotland). Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Applications to open an account must be completed through our website or via the OakNorth mobile banking app. Please note, joint accounts can only be opened through our online application on the website and not through the mobile app; the maximum number of account holders in a joint account is two.
The minimum deposit required to open your account is £1. The maximum deposit you may pay into any one account with us is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with us across multiple accounts is also £500,000. For a joint account the maximum amount allowed to be held would be £1,000,000 i.e., £500,000 per account holder.
You can fund your account with multiple deposit payments within 14 calendar days from the day your account is approved. The minimum deposit is £1. Once the 14-calendar day period expires, you will not be able to make any further deposits into the account. In the event you do not fund your account within the 14-day period, your account will automatically be closed.
Once you activate online banking, your account can be managed by logging into the OakNorth mobile banking app or through the ‘My Account’ section of our website. Alternatively, you can contact us by email, by phone, or by writing to us. Please refer to our website for our contact details.
Can I withdraw money?
Yes. Although, it is subject to giving us notice as per the type of account opened. Withdrawals from your Notice Tracker Account to your nominated bank account can be triggered via Online Banking or the mobile app. You can also contact us by email or phone. It is not possible to withdraw money from the account without providing the mandatory period of notice. We may at our discretion allow it in cases of hardship at our sole discretion, which would require suitable documentary evidence. Interest will be calculated on the total amount until, but not including the day of the withdrawal.
There are no limitations on the number of withdrawals. There is a minimum withdrawal amount of £1. After providing notice the funds will be credited back into your nominated account the next business day after the notice period has passed.
If after withdrawing funds where the balance goes to £0, and remains £0 for a period of six months, we can also close your savings account. We will contact you at least 6 weeks before we close it using the email address you gave us. If the account is closed it cannot be reopened, and you will have to create a new account next time.
Additional information
Interest will be paid gross.
We do not deduct tax from the interest we pay to you. This information is based on our understanding of current taxation which may change in the future.
The AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
Please note: The information provided in the Summary Box is a summary of the key features of our Fixed Term Deposit accounts. It should not be used as a substitute for our Terms and Conditions which can be found on our website.
Raisin UK - Fixed Term Deposit
4.06 % AER / 4.31 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated from the start date and is paid on maturity. Interest will be paid gross without prior deduction of tax.
Interest will be calculated from the start date of your savings account.
Can UBL UK change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should UBL UK amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
Please note, for renewal orders the rate you will receive will be confirmed as the rate available 5 days before the date of maturity. Please see our FAQs for more information.
What would the estimated balance be after 48 months based on a £2,000 deposit?
The estimated balance after 48 months on a deposit of £2,000 is £2,344.80. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £2,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can choose to renew your account at any time once it is open (if the option is available). If the renewal rate decreases before your maturity date, we will revoke your order, and contact you to ask you to opt back in to the new rate. If the rate increases, your product renewal request will remain unchanged. Please see our FAQs for more information.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by UBL UK in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Please note that you do not have a direct account with UBL UK but your deposit is held by them in a trust account opened by RPL for the benefit of you and other depositors.
Funds will be remitted to UBL UK by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
UBL UK reserves the right to close your account without any notice if we reasonably believe you have broken any terms of the product agreement. This includes but is not limited to, breaking laws / regulations, being engaged in financial crime, providing false information and committing any illegal activity (see UBL UK Personal Banking Terms and Conditions for further information available at www.ubluk.com).
Raisin UK - Easy Access Account
3.91 % AER / 3.84 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Can Atom Bank PLC change the interest rate?
The interest rate applicable to your deposit is variable. Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases. Please review the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £100 deposit?
The estimated balance after 12 months on a deposit of £100 is £103.91. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Atom Bank PLC are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £100.
You can top up your account with the minimum amount of £100 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £100 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within Raisin UK.
If a closure request is received on a non business day (either weekend or public Holiday), the request will be initiated on the next business day.
Once closure has been requested it can’t be revoked.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Atom Bank PLC by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - 31 Day Notice Account
3.90% AER / 3.83% Gross. AER is the Annual Equivalent Rate and represents what the profit rate would be if profit was realised and paid once each year.
Profit is calculated daily, re-invested monthly and paid gross without prior deduction of tax. This means that there will be no income tax deductions from the profit payments you receive on your QIB (UK) deposit.
Any profit made will be paid on termination of the savings product.
Can QIB (UK) change the profit rate?
The profit rate applicable to your deposit is variable.
Should the bank set a date to lower the profit rate, you will be given a minimum of 31 days’ notice. You may receive less notice if the rate increases.
'Make Good Offer’
If your original deposit amount returns a loss, QIB (UK) shall make good the amount of any shortfall that you may have suffered. You shall therefore be entitled to receive payment from QIB (UK) of the full amount that you had previously deposited. Note that there is no requirement for QIB (UK) to pay any form of profit to you under this "'Make Good' Offer".
In the unlikely event that a bank modifies its policies in a way that deviates from Sharia law, we will notify customers via email, offering them the option to opt out of the Make Good policy to maintain Sharia compliance.
We would like to draw your attention to the guidance offered by the QIB (UK) Shari’a Supervisory Board. The guidance is that if QIB (UK) needs to make good the amount of any shortfall (set out above), this will not comply with Shari’a principles.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,038.98. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can deposit is £1,000, and the maximum amount you can deposit is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
Please ensure you have read all sets of Terms and Conditions before applying for this product (QIB Notice Account Deposit Conditions, Raisin UK Terms & Conditions and Raisin Trust Deposit Terms and Conditions). If you have any queries relating to the Terms and Conditions, please contact Raisin UK through your Raisin UK Account.
Can I withdraw money?
You may withdraw the full deposit amount only. This will be subject to a 31 day notice period. You are unable to add to the initial deposit or make partial withdrawals.
Your notice of termination will start on the business day after you give notice via your account with Raisin UK (Please see the Raisin UK Terms & Conditions for further details of how to submit a termination notice). Once notice of termination has been given it can’t be revoked.
If a termination falls on a non-business day, then payment will be made on the next business day and profit will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, profit will be paid for the intervening Sunday.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to QIB (UK) by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning profit.
Please see the Raisin Trust Deposit Terms and Conditions for further details.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Shari’a banking, also known as Islamic banking, covers any financial activity that complies with Shari’a principles, reflecting the belief that exploitative gains, such as earning interest on money, are prohibited. Subsequently, Shari’a savings accounts use the money from deposits to invest and generate a profit, rather than an interest rate. There are no restrictions on who can apply for a Shari’a savings account.
Raisin UK - Easy Access Account
3.82 % AER / 3.75 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax. Interest is credited monthly on the last day of each month.
What would the estimated balance be after 12 months based on a £5,000 deposit?
The estimated balance after 12 months on a deposit of £5,000 is £5,191.05. This projection is for illustrative purposes only and does not take into account individual circumstances.
Can Aldermore Bank Plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Aldermore Bank Plc are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £5,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Aldermore Bank Plc by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £5,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Aldermore Bank Plc by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.72% Gross / 3.78% AER. Interest is calculated daily on the full closing balance of the Account, credited and compounded monthly, and paid on termination of the savings product.
If you make a withdrawal request, interest will be calculated on the total amount in the Account up to, but not including the day of the withdrawal.
Can Investec change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
At current interest rates:
A deposit of £1,000.00 would earn £37.84 after 12 months, for a final balance of £1,037.84.
These are illustrative examples that assume you make the full deposit when opening the account and do not make any withdrawals in the following 12 months. These examples are not based on your individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Investec are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £1,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Investec by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Investec by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.75% AER / 3.69% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest is credited monthly on the last day of each month.
Can LHV Bank Limited change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,037.53. This projection is for illustrative purposes only and does not take into account individual circumstances
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at LHV Bank Limited are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £1,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to LHV Bank Limited by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to LHV Bank Limited by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.09% AER / 3.05% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Gross is the rate of interest payable before income tax is deducted. Interest is calculated daily and is paid into the Easy Access Account on the last day of each month, or upon closure of the Easy Access Account.
Interest will be paid gross without prior deduction of tax.
Can Monument Bank change the interest rate?
The interest rate applicable to this Easy Access Account is variable and may change from time to time at Monument’s discretion.
If Monument increases the interest rate, the new interest rate will apply immediately, and you will be notified as soon as possible.
If Monument decreases the interest rate, you will receive at least 14 days’ notice before the new interest rate will apply.
Please see the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 at an interest rate of 3.56% Gross (variable) is £1036.19.
For the purposes of this calculation we assume that:
You make a deposit of £1,000 on the Easy Access Account opening date
You make no further deposits or withdrawals
The interest is paid into the Easy Access Account
The interest rate remains the same for 12 months
This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this Easy Access Account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process. To be eligible to apply for this Easy Access Account, you must:
Be an individual, a UK resident and aged 18 or over;
Hold a UK bank or building society account from which you will fund your application;
Have a valid mobile phone number and email address;
Have a UK National Insurance Number; and
Only use this savings account for personal purposes, not business purposes
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum account balance for this Easy Access Account is £1000, and the maximum balance you can have across all savings accounts you hold with Monument Bank via Raisin UK is £120000.
You can top up your Easy Access Account with a minimum amount of £500 per transaction.
You can manage this Easy Access Account (including depositing or withdrawing monies) by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
It can take up to 2 business days for this Easy Access Account to be set up and start earning interest. For more information, please see the Raisin UK Terms & Conditions and Raisin Trust Terms & Conditions.
Please ensure you have read all Terms and Conditions before applying for this Easy Access Account.
Can I withdraw money?
Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000.
Withdrawal requests can take up to two working days to be processed (a working day is any day other than a Saturday, Sunday, or public holiday).
You may close this Easy Access Account at any time by contacting Raisin UK.
Following a request to close your Easy Access Account, funds will be returned to your Raisin Account by Raisin Trust. Please refer to the Raisin Terms & Conditions and Raisin Trust Terms and Conditions for further information.
If an account closure request is received on a non-working day (either weekend or public holiday), your request will be initiated on the next working day.
Monument may close your Easy Access Account with immediate effect if there are exceptional circumstances affecting its business. In these circumstances your funds will be returned along with any accrued interest.
Additional information
Privacy Notice
Please see our Privacy Notice (www.monument.co/privacy) for information on how we process personal data.
Terms and Conditions
These Terms and Conditions are between Monument Bank Limited (“Monument”) and Raisin Platforms Limited ("RPL") and apply to any Monument deposit account opened by Raisin Platforms Limited (“Raisin UK”) on your behalf via the Raisin platform.
Please see the Raisin UK Terms and Conditions and the Raisin Trust Terms and Conditions for more information. Raisin Platforms Limited will administer the monies in this Fixed Term Deposit on your behalf. These Terms and Conditions are not binding between you and Monument, and you will not become a customer of Monument. These Terms and Conditions incorporate the Monument Bank Easy Access Account Summary Box which sets out the interest rate and key features of this product.
Monument may need to make changes to these Terms and Conditions if it has a valid reason. For example this could be, but not limited to the following:
To comply with changes in law, industry codes or regulatory requirements;
To reflect changes in the systems, schemes or suppliers it uses;
To reflect changes in inflation or the costs it reasonably incurs in providing accounts or services; or
To make these Terms and Conditions clearer or more favourable.
Monument will usually provide at least 30 days’ notice of all changes. If any changes are to be made you will be notified in writing.
Financial Services Compensation Scheme (FSCS)
Eligible deposits benefit from FSCS protection up to the maximum amount of £120000 (for deposits held on an individual basis. The applicable limit will apply to the aggregate amount you place with Monument Bank directly and through any savings platform (such as Raisin).
Raisin UK - Easy Access Account
3.51 % AER / 3.45 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest is credited monthly on the last day of each month.
Can Kroo Bank change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £100 is £103.50. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Kroo Bank Ltd are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £100.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Kroo Bank Ltd by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Kroo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register No: 953772. Companies House number 10359002.
Raisin Platforms Limited (RPL) will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Kroo Bank Ltd by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.09% AER / 3.05% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest will begin accruing from the business day on which we receive your funds from Raisin UK and will be applied to the account monthly.
Can OakNorth Bank plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £20,000 deposit?
The estimated balance after 12 months on a deposit of £20,000 is £20,618.60. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at OakNorth Bank plc are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £20,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to OakNorth Bank plc by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £20,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to OakNorth Bank plc by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.