No Notice Account

An ideal account for those who want to save for their future, but also to have access to their funds when they need it.

Easy Access Account (0.01% Gross/AER)

Interest rates viewable here for individuals.

  • Accounts available to individuals
  • Minimum balance £1
  • Interest calculated daily and paid annually
  • Deposits by post, standing order or your own internet banking
  • Withdrawals by telephone banking with funds transferred to a pre-nominated account in the account holders' name.

How to Apply

Personal Savings Allowance

From 6 April 2016, savers have been able to grow their money tax free, thanks to the ‘personal allowance'. The allowance depends on the individual's income: basic rate tax payers are able earn up to £1,000 in savings interest tax free and higher rate tax payers are able to earn £500 tax free. Additional rate tax payers do not have a Personal Savings Allowance.

Kingdom Bank pays all savings interest gross - meaning that there is no tax deducted.

This means that individuals who exceed their Personal Savings Allowance, or who do not have one, will owe tax on some, or all, of their savings interest. For more information please see the latest Government information at, or contact HMRC at or on 0300 200 3310.

Summary box for the

Easy Access Account (0.01% Gross/AER)

What is the interest rate?

The interest rate is a bank managed rate of 0.01%

Interest accrues on the daily balance at the rate notified to you from time to time.

Your balance Annual interest:

Balance Gross AER
£1+ 0.01% 0.01%

Interest is added to the account on the 31st December each year.

Can Kingdom Bank change the interest rate?


As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our account conditions explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.

What would the estimated balance be after 12 months?

If you deposit £1000.00 when you open the account, the balance after 12 months will be £1,000.10.

This assumes:

  • You don’t withdraw any money and interest is paid into this account.
  • The interest rate stays the same.
  • You don’t add any more money.

How do I open and manage my account?


You must open the account with at least £1.

No account can be opened until a correctly completed, signed and dated application form is received in the post together with our other standard account opening forms and our performing all preliminary identification and other checks to our satisfaction.


Deposits can be added at any time, by post, standing order or your own internet banking.

This is an easy access savings account with telephone banking functionality. All withdrawals are made to a nominated account (set up on account opening) by calling the bank and completing the security procedure using memorable details and characters from a password.

If you change your mind, you can advise us in writing and we will cancel the account free of charge within 14 days of opening.

Can I withdraw money?


You can make two withdrawals from this account per calendar month and there is no charge for doing so.

All withdrawals must be made to an account in the same name. We will not permit a withdrawal to a third party by any method.

Additional information

Savings terms explained

AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.

For more definitions, view our savings glossary.

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