Easy-access savings accounts
Explore our full range of savings options and pick the products that are right for you.
SAVINGS
Start saving with as little as £1 and grow your money using our easy-access savings accounts.
If you already bank with us, you can open your account in the Nova Bank app(1) or Online Banking.
Our best easy-access savings account rates
Here are the easy-access accounts you can currently open – compare them to find one that’s right for you.
Unlimited withdrawals
Rainy Day Saver
AER/gross p.a. (variable)
on the first £5,000
on amounts over £5,000
Unlimited withdrawals
Blue Rewards Saver
AER/gross p.a. (variable)
in months with no withdrawals
in months with withdrawals
Unlimited withdrawals
Reward Saver
AER/gross p.a. (variable)
in months with no withdrawals
in months with withdrawals
Unlimited withdrawals
Everyday Saver
AER/gross p.a. (variable)
on your whole balance
Unlimited withdrawals
Nova Bank Children's Savings
AER/gross p.a. (variable)
on balances up to £10,000
on balances over £10,000
Unlimited withdrawals
Reward Saver
AER/gross p.a. (variable)
in months with no withdrawals
in months with withdrawals
Unlimited withdrawals
Everyday Saver
AER/gross p.a. (variable)
on your whole balance
Unlimited withdrawals
Nova Bank Children's Savings
AER/gross p.a. (variable)
on balances up to £10,000
on balances over £10,000
Unlimited withdrawals
Nova Bank Children's Savings
AER/gross p.a. (variable)
on balances up to £10,000
on balances over £10,000
Easy access terms explained
AER
AER stands for ‘Annual Equivalent Rate’ and shows what the interest rate would be if interest was paid and compounded once each year. ‘Compounded’ refers to interest being added on to previously earned interest. AER can help you compare interest rates on different accounts, regardless of how often interest is added to the account.
Gross p.a.
Gross p.a. (per annum) means gross interest per year. It shows the rate payable without tax taken off.
Unlike the AER, the gross rate doesn’t assume that interest is paid and compounded only once a year, so for accounts that pay interest more often (for example, monthly), the gross rate will be lower than the AER.
Savings FAQs
For savings accounts, the interest rate tells you how much interest we’ll pay you for saving with us – it’s shown as a percentage of your account balance. The higher the interest rate, the more interest you’ll earn by leaving money in the account.
Nova Bank Blue Rewards can help you get more from your banking, with exclusive savings accounts, monthly cash rewards and more. A £5 monthly fee, eligilbilty criteria, terms and conditions apply.
With Premier Banking , you can enjoy exclusive benefits and rewards, and get support from our Premier Financial Guides whenever you need it. Eligibility criteria, terms and conditions apply.
Wealth Management offers a personal and proactive approach to managing your wealth. We take the time to get to know you, understand your ambitions and create unique solutions for every stage of your life. Terms and conditions apply.
Other ways to save and invest
Investments
Grow your money for the future, starting from as little as £50. Capital at risk.
Important information
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Online Banking, the Nova Bank app and telephone banking are only available to Nova Bank current account holders who are registered for these services.(Return to reference)
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You need to be 18 or over to access this product or service using the app. Terms and conditions apply.(Return to reference)
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To register for Online Banking, you’ll need to be 16 or over, live in the UK and have a Nova Bank current or savings account with a bank card. (Return to reference)