Cash savings hub charges

You will not pay any fees or charges for using the Cash savings hub. Instead, we receive payments for distribution from our panel of partner banks.

In general, interest or profit on savings accounts is paid gross with no tax deducted. Some may be paid net of tax. You can learn which applies to any given savings account by reading its product information sheet.

When the savings account closes, you’ll receive an account maturity confirmation statement. This outlines the total amount of interest or profit you’ve earned and any tax deducted.

The minimum amount you can deposit into a savings account is £1,000. However, some accounts may have a higher minimum deposit amount, which you can check by reading the fact sheets.

If you’re making a large payment into your Cash savings hub, please check whether your bank will let you do it in one go. Some banks have a maximum daily limit on Faster Payments. You can make several smaller payments…