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.
You can deposit money into your accounts via:
- Faster Deposit (please allow until the next working day for funds to arrive) - please be aware that 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.
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balance of £500 must be maintained, and as per our T&Cs, if the account drops below this it can be closed and funds withdrawn to your nominated bank account.