What is the interest rate?

35-Day Notice rate effective after 4.00pm on Friday, 24 November 2023
95-Day Notice rate effective after 4.00pm on Friday, 24 November 2023
120-Day Notice rate effective after 4.00pm on Friday, 24 November 2023

Can Cynergy Bank change the interest rate?

• Yes the interest rate may change. Please note that if the interest rate of your specific issue changes and that change is to your advantage we may make the change immediately and will notify you within a reasonable time of the change taking effect. Where we make a change to the rate that is not to your advantage, we will notify you no less than 14 days before the change takes effect. If the Balance of your account is less than £100, we will not be required to give you notice ahead of making a change. Please see Online Notice Saver Conditions for further details.

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

How do I open and manage my account?

• To open an Online Notice Saver you must be aged 18 or over, a personal customer and a UK resident for tax purposes.
• The minimum initial deposit is £500 and you can deposit up to £1 million in this account.
• It's important we receive your initial deposit within 14 days from account opening, or the account will be closed.
• You can only open an account online and you must use Online Banking to manage your account and make withdrawals.
• For added security, when you use Online Banking, you’ll need to download and register our Authenticator App (available for free on Google Play or the Apple App Store) or request a Digipass®.

Can I withdraw money?

• Yes, subject to your selected account notice period. Note that, should your balance fall below our minimum deposit, we will close your account.
• If, due to exceptional circumstances, you need immediate access to funds, we will allow you to close your Account and withdraw the full balance, including any accrued interest, at our discretion. You may be asked to provide evidence of the exceptional circumstance when making a request to close your account.

Additional Information

• Interest will be paid without the deduction of tax. Individuals may have tax to pay on any interest received that exceeds their Personal Savings Allowance. It is your responsibility to seek independent advice regardin your tax affairs. Further information on the Personal Savings Allowance can be found at www.gov.uk..
• The tax treatment and the rate of interest payable depend on individual circumstances and may be subject to change in the future.
• *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. #Gross means without tax deducted.
• If you change your mind within 14 days of opening your account, we will cancel your account and return your deposit to your nominated account. You will receive interest on any cleared funds if you decide to cancel your account.

We may periodically launch new savings product issues which are given designated issue numbers. Individual product issues each have their own interest rate, these may vary from the prior/proceeding issues; either upwards or downwards.

We suggest customers check our website to see the latest available issue and if you wish to open a new product issue / savings then you can apply through our website or Online Banking.

We publish all current and historic issue interest rates on our website (https://www.cynergybank.co.uk/rates/) and within Online Banking if you hold one of our existing products.

Please read the important information below before applying:

Cynergy Bank Privacy Policy

FSCS Information Sheet / Exclusions List

Online Notice Saver Account Conditions

Historic Interest Rates

The contents of this Summary Box are intended as a summary of the main features only and is not a substitute for reading the terms and conditions that apply to the account.