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Bank Flexible Saver

Whether you’re saving for a wedding, a new car, a once-in-a-lifetime holiday or maybe all 3, you can open as many Flexible Saver accounts as you have reasons to save.

  • Open an account with £1
  • How much you save is up to you – you can put in a lump sum or save a little at a time, starting from just £1

  • Save a bit every month
  • You can choose to save by standing order, transferring a set amount into the account each month or by making a lump sum payment. There’s no maximum balance

  • Access your money instantly
  • This is an instant access account, so you can take out and transfer money whenever you need to, no notice required

  • Watch your money grow
  • You’ll earn interest on your savings – and, if you’re an Bank Advance customer, you’ll enjoy preferential rates that could help you save even more. More on Bank Advance

  • Manage your money anytime
  • Once opened, you can manage your account via telephone and online banking, the Bank UK Mobile Banking app or in any of our branches

Open a Flexible Saver account today

Start saving for something special with just a £1 deposit.

Please read the important product information and check eligibility before you apply.

Key product information

How it works

Flexible Savers help you save for anything, in a way that suits you. You can start your Flexible Saver account with just £1, and pay in lump sums or set up a standing order to save a set amount each month.

It's an instant access account, so you can put in or take out money whenever you like. There are no charges for withdrawals.

You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.

You'll earn interest on your money and if you're an Bank Advance customer you are eligible for a preferential rate. More on Bank Advance

Unless you tell us otherwise, we will send you paper statements via the post. If you prefer, you can switch off your paper statements on Online Banking.

Download PDF version of interest rates (PDF, 695KB)

Summary box



What is the account name?

Flexible Saver

What is the interest rate?

Standard Rate

Interest rate on all balances: 0.05% AER/Gross

Preferential rate

Interest rate on all balances: 0.10% AER/Gross

Standard Rates - all customers except Bank Advance and Bank Graduate customers.
Preferential Rates - Bank Advance and Bank Advance Graduate customers only.

Interest is calculated daily and credited to the account monthly.

Can Bank change the interest rate?

Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Standard rate

Interest rate: 0.05% AER/Gross

Balance at end of 12 months: £1,000.50

Preferential rate

Interest rate: 0.10% AER/Gross

Balance at end of 12 months: £1,001

For the purpose of this calculation, it is assumed:-

  • Initial deposit of £1,000
  • No further deposits
  • No change to the interest rate during the 12 months

Projection provided for illustrative purposes only and does not take into account individual circumstances.

How do I open & manage my account?


  • Aged 16 years or over

How to open the account:

  • Open an account via Online Banking, Telephone Banking or in branch

Minimum/Maximum Balance:

  • A minimum of £1 must be deposited to open the account
  • There is no maximum balance

How to manage the account

  • Once opened you can view your balance via Online Banking, Telephone Banking, the Bank UK Mobile Banking App or in branch

Can I withdraw money?

Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.

Additional Information

A 14 day cancellation period applies to this account.

We do not deduct tax from any interest paid to you.

Tax benefits depend on individual circumstances and could change in the future.


  • AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
  • Gross is the rate of interest if interest were paid and not compounded each year

Rates correct as at 06.04.18

How to apply

Are you eligible?

To open an Bank Flexible Saver account, you need to be:

  • aged 16 or over*
  • *If you don't have an Bank current account, call us to open the Flexible Saver or to make an appointment in your local branch.

Apply online

If you have an Bank current or another savings account and you're registered for online banking, you can apply online in minutes.

Log on to apply

Register for online banking

It only takes a few minutes. Then, once you receive your security details, you can apply online right away.

Register for online banking

If you don't have a Bank current account, call us to open the Flexible Saver or call us to make an appointment in your local branch.

Non-UK tax residents

If you’re liable to pay tax outside the UK, please apply at your local branch

Apply by phone or in branch

Apply by phone

To find out more, or to apply for a Flexible Saver account, call us on

0800 032 4729

Lines are open 8am to 8pm every day (excluding Christmas Day, Boxing Day and New Year’s Day).

Textphone numbers

Log on to apply

Apply in branch

Bank Current Account customers can apply for this account by visiting one of our branches. You’ll just need to bring some identification and proof of your address.

Once your account is open, you can manage it in branch and online.

Call to book an appointment

Find a branch

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Frequently Asked Questions

You can apply for a Flexible Saver Account online or by popping into any of our branches.

If you’re registered for online banking you can apply online in minutes. It only takes a few minutes to register and once you receive your security details you can apply online to get an instant decision. If you don’t hold an Bank current account then call us to apply or to make an appointment to apply in branch.

You can save any amount from £1 upwards. There is no maximum balance.

You can access your money online, by phone or in any of our branches.

Preferential rates are available for Bank Advance customers.