A Clydesdale Bank Instant Savings Account allows you instant access to your money combined with interest on your savings.
It’s a way to allow your balance to grow without your cash being locked away.
*Transaction fees apply when you use your debit card abroad. Details of the limits and charges which apply are provided in the tariff guide for the account on which your card is issued
| Account name | Instant Savings - no longer available from 01/07/2021 | ||||||||||||||||||||||||
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| What is the interest rate? |
Interest is calculated on a daily basis and is paid on the last business day of each calendar quarter. |
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| Can Clydesdale Bank change the interest rate? | Yes, if we decrease your rate we will provide at least 2 months’ notice as described in Section 15.2 of the Terms and Conditions. We may increase your rate without giving you notice. | ||||||||||||||||||||||||
| What would the estimated balance be after 12 months based on a range of deposits? |
This is only an example and does not take into account your individual circumstances. The examples assume that:
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| How do I open and manage my account? |
The account can be opened in branch or online, www.cbonline.co.uk or call us on 0800 345 7365. You must deposit at least £1 to open the account. There is no maximum balance restriction or need to pay in on a regular basis. You must be aged 16 or over. |
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| Can I withdraw money? | You may withdraw funds by using internet/telephone banking/Mobile Banking Service/ATM or in branch. No notice is required. | ||||||||||||||||||||||||
| Additional Information |
Interest will be paid gross. Gross rate interest is the interest payable without taking account of any tax payable. AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year. |
Terms, conditions and eligibility criteria apply.
We're no longer taking new applications for the Instant Savings Account.
If you have created a username or have your customer number, then we’ll have automatically saved it for you. You can now log in to complete your application or retrieve your decision. If you're not sure what your login details are, or you can't get online for some reason, please give us a call on 0800 012 1111.
Your eligible deposits held by a UK establishment of Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank and Virgin Money. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please see FSCS leaflet download (Opens in a new window) for further information or visit www.fscs.org.uk
You can also refer to our FSCS Guide download (Opens in a new window) for more details.
You can find impartial information and guidance on money matters on the “MoneyHelper” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.
