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Joint savings accounts
If you have a shared savings goal, a joint savings account could help you to achieve it. We have plenty of options available for anyone looking to start saving together.
Setting up a joint account
Online applications must be made in your sole name, but the account can be made joint once you’ve opened it. Just contact us in branch or over the phone.
Available joint accounts
Pool your savings with another person, helping you to reach a shared goal. Both of you will have equal access to build and manage your joint savings pot.
|
Account |
Interest |
Minimum first deposit |
Open for |
Withdrawals |
More info |
|---|---|---|---|---|---|
|
Account Open as many as five Everyday Saver accounts, giving you different saving pots. |
Interest 1.10% AER/gross on balances from £1 - £9,999. 1.20% AER/gross on balances from £10,000 - £49,999. 1.35% AER/gross on balances of £50,000 or more. Interest is variable and paid after a year. Rate applies to the full balance. |
Minimum first deposit £1 |
Open for One year. Your account will then change to an Instant Saver. |
Withdrawals Unlimited |
More info |
|
Account |
Interest 3.90% AER/gross interest for the one-year term. 3.80% AER/gross interest for the two-year term. 3.70% AER/gross interest for the five-year term. Choose to receive interest monthly, or after each year. |
Minimum first deposit £500 |
Open for One, two or five years. Your account will then change to an Instant Saver. |
Withdrawals By closure of account only. Charges apply. |
More info |
Tax treatment depends on individual circumstances and may change in the future.
Interest on savings
Interest rates can change. You can check current interest rates online at any time.
Let’s take a closer look
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Yes, you can open a joint savings account with another person, regardless of your marital status. You could open a joint account with a partner, family member or even a friend.
Because both account holders have full access to the account, the most important thing is that you trust the person you’re opening a joint savings account with.
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A joint savings account could suit many situations and people, including:
- Couples with a shared goal, such as buying a house or getting married.
- Children who are supporting elderly parents with financial matters.
- Parents who want to support a child and monitor their activities.
Just be aware that both account holders will be authorised to pay in and withdraw money from the account. It’s important that you trust the person you open a joint savings account with.
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Supporting your savings journey
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