What are the minimum and maximum withdrawal and deposit amounts on the Easy Access Account?

Deposits:

With our Easy Access Savings Account, the minimum opening deposit is £500, and as such your first deposit must be a minimum of £500. Thereafter you can make as many deposits as you want, from £50, up to a total balance of £85,000. Please note that the rewarded boost of 0.46% from NuWealth for 12 months only applies to balances up to £25,000, any funds over this amount will earn the AER interest rate of 4.40% (variable) only.
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You can deposit money into your accounts via:

- Faster Deposit up to £20,000 via Open Banking (please allow up to the next working day for funds to arrive).

In order to be eligible to make Faster Deposits there is a £500 minimum account balance. If the account balance falls under £500, a Faster Deposit could only be made if this brings the account balance back to a minimum of £500. E.g. The current balance is £250, so the minimum faster deposit amount shown will be £250.

- Bank transfer (which can take up to 48 hours).

All you need to do is link your bank account and select the amount you’d like to transfer.
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Withdrawals:

You can withdraw as much or as little as you like, penalty-free. You will have easy access and unlimited next working day withdrawals. Tap ‘Withdraw’ on the home screen, input the desired amount, and tap ‘Go’.

Please note that a minimum account balance of £500 must be maintained, and as per our T&Cs, if the account drops below this it can be closed and funds withdrawn to your nominated bank account.

As of 17th January 2025, we are no longer accepting new applications for our GB Bank Easy Access account.