Please note that this account is currently suspended for new account opening but existing account holders can operate the account as usual.

Save with our Bonus One Account which is designed for investors aged 16 years and over. The account has limited instant access paying a conditional bonus.

 

Summary Box

The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

What is the Interest Rate?Interest rate without bonus 2.10% Gross/2.10% AER

Interest rate with bonus (including a gross bonus of 2.90%) 5.00% Gross/5.00% AER (From 24 June 2024)

 

AER stands for Annual Equivalent Rate.  It illustrates what the interest rate would be if interest was paid and compounded each year.

 

Interest is calculated daily and is variable.  Interest is compounded annually on the last day of February.

 

See our current interest rates for all savings accounts.

Can esbs change the Interest Rate?We may change interest rates at any time if we reasonably believe the change is needed.  Please refer to Condition 7 – Interest in the Terms and Conditions for esbs Retail Savings Accounts for further details.
What would the estimated balance be after 12 months based on a £1,000 deposit?

 

 

The projected balance based on the current interest rate excluding the bonus, on the minimum balance of £5,000 is £5,105.00.

The projected balance based on the current interest rate including the bonus, on the minimum balance of £5,000 is £5,250.00

This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.

How do I open and manage my account?*


*Please note that this account is currently suspended for new account opening but existing account holders can operate the account as usual

 

  • The account may only be opened by UK residents aged 16 or over. Proof of age will be required when opening an account.
  • Minimum balance £5,000.
  • Maximum balance £85,000.
  • To apply for a Bonus One Account please read the Bonus One Account leaflet to ensure this account is suitable for you.  Please be certain to read the Terms and Conditions for esbs Retail Savings Accounts leaflet.
  • If you wish to open an account you can download and print an application form on our website, apply in person in one of our branches or, should you wish for an application form to be sent in the post for you, call our Savings Team on 01455 844422 (Option 1).  Please remember to provide the correct Identification and funds.
  • You can manage your account at our branches or by post.
Can I withdraw money?
  • Yes – No notice of withdrawal is required however minimum cash or cheque withdrawal is £250.
  • A maximum of 1 withdrawals per year (1st March – end of February Inc.) to qualify for the bonus.
Additional Information
  • The account is limited to one per investor.

This account might be right for you if:

  • You are happy with a variable rate of interest that can go up or down
  • Happy to make no more than one withdrawal per year
  • Are aged 16 or over

This account is not right for you if:

  • If you want the security of a fixed rate of interest
  • If you require multiple withdrawals each year

 

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