We will pay your interest on 31 August each year into your eSaver Instant Issue 1. You will be able to withdraw your interest from 1 September.
To find out how much interest has been paid to your account, simply log in to your eSavings account and click on 'Statements'.
To open an eSaver Instant Issue 1 you must hold an account with another UK bank or building society which can be used to make electronic transfers into and out of your account.
Please note: We do not accept CHAPS payments. Your nominated bank or building society may have a set limit on Faster Payments, please discuss with them prior to making any transfers.
Paying money in
You can pay money into your account whenever you choose by simply sending us an electronic payment from your nominated account.
We use the receipt of your first payment as part of the account validation process. If this payment does not comply with section 4 of the eSavings terms and conditions we reserve the right to refuse the payment which may result in the account not being opened and your funds being returned.
You need £500 to open an account and the most you can pay in is £250,000.
You will also need to maintain a minimum balance of £500 at all times in order to operate the account.
The minimum additional deposit once the £500 to open an account has been paid in is £1.
Taking money out
You can make unlimited penalty-free withdrawals whenever you choose by logging into your account online and following the simple instructions to transfer money to your nominated account electronically.
To operate the account you must maintain a balance of at least £500 at all times.
The minimum withdrawal amount is £1.