Online Bonus Saver

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VERGE BANK Online Bonus Saver

Earn bonus interest every month you don't make a withdrawal.

Start saving with just $1000. That's all you need to open an account, to a maximum of $2,000,000. Please note that accounts are limited to one per customer Get a higher rate on balances of up to $10,000. If you have more than $10,000 in your account, we pay a lower interest rate on the amount above that – see our interest rates. Bonus interest, calculated daily. When you qualify for a bonus interest payment, it’s calculated on the daily balance and paid monthly.

Manage your account online. As the name suggests, this account is ‘online only’. That means you can access your funds anytime you need them and all your interactions with this account will be online.

How it works

You can open an Online Bonus Saver with $1000 or more. If you have more than $10,000 in your account, interest is paid at a lower rate on balances above that amount.

Additional information

  • Interest is calculated daily and paid monthly into your account
  • Interest earned in a calendar month will be applied to your Online Bonus Saver on the first working day of the next calendar month. Where the first day of the month is not a working day then the interest amount will include any interest accrued up to (but not including) the first working day of the month
  • No interest is payable if the balance falls below the minimum account opening balance

Eligibility

You must be an existing VERGE BANK customer and registered for online banking before you can apply for an Online Bonus Saver Account.

You'll need to maintain a minimum balance of GBP 5,000, USD 5,000 or EUR 5,000.

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