Britannia

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DirectSaver

When you want to get more out of your spare cash, it makes sense to take it out of your everyday account and place it into an attractive variable interest rate savings account. But if you ever needed that cash again, you’d want to be free and easy to transfer it back. By linking with your current account, our DirectSaver account puts you in control of your savings.

Because you manage DirectSaver by phone or online, you’re always in the driving seat. You can steer your money from your DirectSaver account to your current account and vice versa. What's more, you can use your current account's telephone or internet service, or our postal service, to make deposits into your DirectSaver account.

Summary Box
Key Product Information for our Savings Account
Account Name DirectSaver
Interest Rates (AERs) The Interest rate is variable. View interest rates here.
Tax Status Interest is paid net* of basic rate tax
Condition for bonus payment No bonus payments exist for this account
Withdrawal arrangements There is no limit on the number of withdrawals that can be be made. The minimum withdrawal amount is £100. Withdrawals are made by moving funds to your linked current account
Access This account is operated by telephone, internet or post

Features & Benefits

  • Minimum balance and deposit of £100
  • Maximum balance of £1,000,000
  • Call 0845 121 7905 to deposit money over the phone with your debit card. You can also deposit funds by cheque through the post, or by using your nominated current account provider’s telephone or internet banking services^
  • Call 0845 121 7905 to make withdrawals (minimum of £100 which will be transferred to your nominated current account which takes 4 working days, excluding the day of instruction)^
  • Interest is paid annually by the first working day after 1st January into this account
  • Keep track of your balance with a statement (every 25 transactions or 3 months, whichever is sooner)
  • Can be opened as a joint account so long as it’s linked to a current account held in either one or both of these names.
  • Easily transfer money to and from your current account
  • Manage your account online. Register for online servicing once your account is open

^For information on the clearing of funds, please refer to section 7 of the General Terms and Conditions.

Opening Times: Mon-Fri 8am-8pm, Sat 9am-12noon

Calls may be recorded and/or monitored.

*For an explanation of terms such as AER, Gross and Net, please see our glossary this link will open the page over the top of your current page.

Britannia is a trading name of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS) that would pay compensation to eligible customers in the unlikely event of the Bank becoming insolvent. Find out more

www.britannia.co.uk