To apply, you will need
– Your address
– Bank details
– Email address
How to apply for a savings account
To apply, you will need
Complete our easy to use application form. You will need to review our T&Cs and key product information.
We will send you an email confirming that your account is set up.
Once set up, fund your account by bank transfer or by cheque.
Keeping your money safe
Your eligible deposits with Gatehouse Bank are currently protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit protection scheme.
The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is currently entitled to claim up to £85,000. For joint accounts each account holder can currently claim up to £85,000: so, for a joint account held by two eligible depositors, the current maximum amount that could be claimed would be a total of £170,000. The current £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank, including their share of any joint account, and not to each separate account. Any deposits you hold above the current £85,000 limit are not covered.
For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please call us on 0345 600 3350, refer to the FSCS website or call the FSCS on 0800 678 1100.
Please note only compensation related queries should be directed to the FSCS.
Please visit www.fscs.org.uk for further information.
Power of Attorney accounts
A Power of Attorney is a legal document (the Power of Attorney document) which an individual (the account holder) may use to allow another individual (the attorney) to look after their financial and property matters. A Power of Attorney can be set up for an existing account or, a new account can be opened for someone (the donor) under a Power of Attorney.
The scope of an attorney’s powers will be set out in the Power of Attorney document and can include running the donor’s bank accounts and savings accounts, decisions about making or selling investments and selling property, and spending the donor’s money.
In order to register a Power of Attorney with Gatehouse Bank, please contact us on 0345 600 3350.Savings FAQs