Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While offering more flexibility, savings accounts usually provide lower interest rates than time deposit accounts.
Benefits
USD 1.60% AER/Gross, GBP 1.25% AER/Gross
- Know exactly how much interest you’ll earn
- Once your account is opened, rates are fixed for the 3 month term
- Deposits must be new to VERGE BANK
- Minimum deposit GBP/USD 25,000
- Maximum deposit GBP/USD 2.5m (GBP/USD 5m for joint accounts)
Things you should know
- deposits must be new to VERGE BANK
- all rates are Gross/AER fixed for 3 months
- interest will be calculated daily and paid at the end of the 3 month term
- you can open an account in each of the currencies
- early deposit withdrawals may incur a fee
- at the end of the 3 month term, your deposit plus interest will be paid into your nominated VERGE BANK instant access account
- your nominated VERGE BANK instant access account must be held for the full 3 month term plus one month, and be in the same name and currency as your Savings Booster account