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 need depends on the type of savings account you choose.

Fixed term and notice accounts

For fixed term and notice accounts, the minimum deposit is usually £1,000, although some accounts may need more than this. You can check the exact amount in the savings account factsheet.

Easy access accounts

For easy access accounts, the minimum first deposit is usually £500. This can be…