Savings Accounts

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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

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