Eligible deposits are protected by the Financial Services Compensation Scheme up to £85,000 per person, per banking group
4.86% AER*
GB Bank Easy Access
Earn 4.40% AER (variable), enhanced by a 0.46% NuWealth rewarded boost for 12 months on balances up to £25,000
Watch your savings grow with daily interest payments
Enjoy easy access with unlimited next working day withdrawals
4.6 - 800+ reviews
*T&Cs apply
Give your savings a boost
Why save with NuWealth?
Truly easy access
Unrestricted next working day withdrawals so you always have access to your cash when you need it
Apply anytime, in minutes
Open an account in minutes and grow your savings easily, with an award-winning app
Competitive rates
Rates we promise will be consistently competitive with a minimum rewarded boost of 0.46%
Potential earnings
4.86% AER
4.40% AER (variable) + 0.46% NuWealth rewarded boost
This calculation is based on depositing £25,000 upon opening a GB Bank Easy Access account, and not withdrawing for 12 months. Rewarded boost applies to first £25,000 deposited. Funds thereafter will earn 4.40% AER (variable).
*T&Cs apply. Money is deposited with GB Bank. The first £25,000 deposited will earn the equivalent of 4.86% AER (underlying Easy Access rate of 4.40% AER (variable) plus a minimum rewarded boost of 0.46%) for 12 months from the anniversary the account was opened. Any balance above this amount will earn interest at the underlying GB Bank Easy Access Accounts rate. Underlying interest is paid daily; rewarded boost is accrued daily and paid monthly. Minimum first deposit and account balance is £500; maximum balance is £85,000.
Your savings are safe
Any funds you deposit in NuWealth's savings accounts are deposited with GB Bank, a fully regulated and authorised UK bank.
So you can rest-assured knowing that deposits up to £85,000 per person, per banking group, are protected by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
FSCS Information Sheet and Exclusions List
So you can rest-assured knowing that deposits up to £85,000 per person, per banking group, are protected by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
FSCS Information Sheet and Exclusions List
Boost your savings in minutes
Download NuWealth
Get the app and register in just a couple of minutes
Key Features
What is the account name?
GB Bank Easy Access Account
What is the interest rate?
4.31% Gross1/ 4.40% AER2
● All interest is paid gross
● Interest is calculated and added to your account daily
● This rate is variable and can change at any time
1 Gross is the rate of interest payable before any income tax is deducted. You may be required to pay income tax on the interest you have earned. For more information visit: https://www.gov.uk/apply-tax-free-interest-on-savings
2 AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the balance each year.
Can GB Bank change the interest rate?
Yes – this is a variable rate savings account. If we increase the interest rate on your account, we will let you know as soon as possible. If we reduce the interest rate, we will notify you 14 days ahead of the change. See the General Terms and Conditions for more information.
What would the estimated balance be after 12 months of account opening based on a £1,000 deposit?
Product: GB Bank Easy Access Account
Projected Balance: £1,044.00
This example is for illustrative purposes only and shows the projected balance if:
● You added £1,000 to your account at account opening, and
● You did not add any more money or make any withdrawals
How do I open and manage my account?
● Online through NuWealth only
● You must be a UK resident and aged 18 or over
● The minimum operating balance for this account is £500
● The maximum account balance permitted is £85,000
● Money must added by electronic transfer from a UK bank account which is held in your name
● Please make sure you have read and understood all sets of Terms and Conditions before applying for this product
Can I withdraw money?
Yes, withdrawal requests can be made through NuWealth at any time after opening the account.
Rewarded Boost eligibility
GB Bank Easy Access Accounts may be eligible to receive a rewarded boost and earn a reward equivalent to 0.46% (variable). The rewarded boost is applied on the first £25,000 held within a GB Bank Easy Access account, any balance above this amount will earn interest at the standard GB Bank Easy Access rate. The rewarded boost is paid monthly and applies for 12 months from the date the account is created. After this period, your interest will revert to the standard GB Bank Easy Access rate. Rewarded boost is not included in your annual savings allowance and may need to be declared in your tax return. In the event you choose to close your GB Bank Easy Access account or permanently leave NuWealth during the rewarded boost eligibility period, any unsettled rewarded boost payments will be lost.
Additional information
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. We will not deduct tax from the interest you receive. You are responsible for paying any tax due to HM Revenue and Customs (HMRC). For more information go to gov.uk/apply-tax-free-interest-on-savings. Your money will be held as a deposit and your money may be protected by the Financial Services Compensation Scheme (FSCS). This means that if GB Bank were to fail you would be guaranteed to receive back any eligible deposits you have made through NuWealth up to a maximum of £85,000. Bondsmith holds your deposits on trust with GB Bank. It may take up to 3 months for your money to be returned to you in the event the bank fails. An FSCS information sheet is available at any time through NuWealth and you can read more about FSCS protection on the FSCS's website at www.fscs.org.uk.
How your funds are held
Bondsmith is the trustee and all money held in your GB Base Rate Tracker are held on trust for you, subject to the NuWealth Terms & Conditions and Bondsmith Terms. Any money you put in a NuWealth account is deposited with GB Bank by Bondsmith on your behalf. While there, it will always be held in a segregated trust account.
How your funds are protected
When your funds are held on deposit by GB Bank your eligible deposits are protected up to £85,000 by the FSCS per banking license. Any deposits over £85,000 with the same provider are not likely to be covered. When you transfer Bondsmith your money it is temporarily held in our Transit Account prior to sending it on to GB Bank. While in the Transit Account your money is protected by the FCA’s safeguarding rules if Bondsmith Savings Ltd were to fail, or the FSCS, if the Transit Account Provider were to fail.
Fees and charges
Any Fees and Charges associated with this service (if any) can be found in the NuWealth Terms. Bondsmith and NuWealth may receive interest income on Deposit Accounts in addition to the interest you receive and/or may generate other fees from banks as a result of you placing your deposits with them via this service.
A refreshing way to save and invest
Grow your wealth with a diverse range of savings accounts, and invest with a GIA, ISA or JISA
Add NuWealth GB Bank Easy Access account to your overall financial strategy for ultimate diversification
Balance security and convenience, with potentially higher-yielding investments to optimise your financial portfolio
T&Cs apply. Capital at risk when you invest
Support
Frequently asked questions
What is NuWealth’s Easy Access Savings Account?
When you open a NuWealth GB Bank Easy Access Savings Account you’ll earn 4.40%, AER (variable) from our trusted partner GB bank, plus a 0.46% rewarded boost from NuWealth for 12 months on balances of up to £25,000, raising your interest rate to an equivalent of 4.86% AER (variable.)
Any savings above £25,000 will still earn the underlying 4.40% AER (variable) bank rate, but will not qualify for the rewarded boost of 0.46%
You can open an Easy Access Savings Account in minutes via the NuWealth app, with a minimum balance of £500. Thereafter, you can deposit anytime from £50 up to a maximum of £85,000.
*Please note that the rewarded boost is payable for 12 months and ceases to be payable on the anniversary of the date of account creation. After 12 months, you will receive the underlying interest rate. 4.40% AER (variable) accurate as of December 2024.
How will the interest be paid on the Easy Access Account?
With NuWealth’s Easy Access Savings account, the underlying interest is paid daily on business days, and the rewarded boost is accrued daily and paid monthly.
What is the rewarded boost eligibility on the Easy Access account?
GB Bank Easy Access Accounts may be eligible to receive a rewarded boost and earn a reward equivalent to 0.41% (variable).
The rewarded boost is applied on the first £25,000 held within a GB Bank Easy Access account, any balance above this amount will earn interest at the standard GB Bank Easy Access rate.
The rewarded boost is paid monthly and applies for 12 months from the date the account is created. After this period, your interest will revert to the standard GB Bank Easy Access rate.
Rewarded boost is not included in your annual savings allowance and may need to be declared in your tax return. In the event you choose to close your GB Bank Easy Access account or permanently leave NuWealth during the rewarded boost eligibility period, any unsettled rewarded boost payments will be lost.
Can I withdraw my money from the Easy Access account?
Yes, next working day withdrawal requests can be made through NuWealth at any time after opening the account. Please note, the minimum account balance is £500.
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.
What happens when the boosted interest rate offer expires on the Easy Access account?
Once the rewarded boost period ends on the 12 month anniversary of opening your Easy Access Savings Account, your savings will continue to earn interest at the rate applicable to the GB Bank product.
Is NuWealth's Easy Access Savings Account free?
Yes, there are no fees or penalties associated with NuWealth's Easy Access Savings Account.
What happens if my Easy Access Account falls below the minimum mandated account balance?
The minimum balance to maintain the Easy Access Savings Account is £500. As per our Terms & Conditions, if your account fails to hold the mandated minimum balance of £500 in the account for a period of 7 days or more, your savings account may be closed with immediate effect.