GB Bank Base Rate Tracker 4.64% AER

NuWealth’s GB Bank Base Rate Tracker is a free savings account that adjusts automatically with the Bank of England base rate, minus up to 0.5%, the very next day, eliminating the need for endless switching. 

Our Base Rate Tracker also combines the advantages of a savings tracker with the convenience of an easy access account. So not only do you get a competitive interest rate whenever the base rate changes, but you also don’t need to fix your savings for extended periods, you can deposit as many times as you like from £50 (minimum opening balance of £500), and you can withdraw your money easily once per month.

You will receive daily interest (interest is calculated daily, and paid on business days), and you're guaranteed to see your interest increase with any rise in the base rate, so you don’t need to worry about switching for a competitive rate.

NuWealth has partnered with GB Bank to bring you our Base Rate Tracker savings account.
‍
GB Bank is an award-winning, fully authorised and regulated UK bank (FRN: 850286), dedicated to providing accessible and competitive savings accounts. Every penny saved with GB Bank contributes towards building better futures for the communities across the UK that need it most.

Any funds you deposit in NuWealth's Base Rate Tracker are deposited with GB Bank (prior to depositing the money with GB Bank, money will briefly be held in an eMoney wallet in your name with Bondsmith), and are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). Any deposits you hold above the limit are unlikely to be covered. For further information, please view the Information Sheet on the FSCS website.

Yes, NuWealth's GB Bank Base Rate Tracker is completely free.

Deposits

With our GB Bank Base Rate Tracker, the minimum opening deposit is £500, and thereafter you can make as many deposits as you want, anytime from £50, up to a total balance of £250k.

You can deposit money into your accounts via:

- Faster Deposit (please allow until the next working day for funds to arrive)
- 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, once a month, with this account. Tap ‘Withdraw’ on the home screen, input the desired amount, and tap ‘Go’.

With a NuWealth Notice Account, the minimum opening deposit is £500, and thereafter you can make as many deposits as you want from £50, up to a total balance of £250k. Please note, if a withdraw all is pending for your notice account, deposits are suspended until this clears.

Opening a savings account with NuWealth is quick and simple. First, make sure you’ve downloaded the NuWealth app from the Play Store, or App Store. Once you’ve installed the app, enter your details to register for NuWealth if you haven’t already got an account with us, and select the account you’d like to open. Only UK residents aged 18 and over can open an account with NuWealth.

For our savings accounts, the minimum opening balance is £500. After this, you can deposit from £50. 

To transfer your savings from another provider, you must first withdraw all of your money and then deposit it with NuWealth.