Personal Savings


Tread confidently

It’s your money and your savings goals. Why shouldn’t you be able to set your own savings term? We couldn’t agree more.  Use our savings tool to choose the best savings term to suit you.

All eligible deposits with us are protected up to £85,000 by the Financial Services Compensation Scheme

Create your savings account

Use the savings illustrator below to create your own savings account. You can consider one of our fixed term bonds for 1, 2, 3, or 5 years OR you can consider our Flexible Term products and benefit from our 6 month and 18 month rates. You choose any term from 6 months to 5 years by using the slider or select a specific maturity date using the calendar tool on the right hand side. Once you have selected your specific product terms, you can view the full product description and an illustration of the relevant interest rates for your chosen term.

How much would you like to save?

You can save £500 - £250,000

How would you like your interest paid?
How long would you like to save for?
Choose one of our fixed term products
1 Year
2 Years
3 Years
5 Years
Set your own flexible term

Use the slider or calendar to select your savings maturity date

6 months
Select product to see interest rate and indicative return
Interest rate

% (% AER)

Indicative return

Your chosen product

Account name:

Gross interest rate:

Interest paid:

Maturity date:

How is interest calculated?

Interest is calculated daily and is paid:

Annual interest accounts:
Interest is calculated daily and paid annually on the anniversary of the deposits account opening and being funded and on maturity. Interest can be added to your selected savings product or paid into your nominated bank or building society current account.

Monthly interest accounts:
Interest is calculated daily and paid monthly into your selected savings product or paid into your nominated bank or building society current account and on maturity.

Can Masthaven Bank change the interest rate?

No, the interest rate is fixed for the duration of your fixed rate bond.

Can I withdraw money?

No. To enjoy the fixed rate you must not take money out before the end of the fixed term of your chosen product.

Within a reasonable period of time before the maturity date of your account, we will provide you with the options available to you through the online account manager.

We can return funds to your nominated bank account or help you to invest in other products with Masthaven Bank. If you do not indicate to us what you would like us to do with your funds by the maturity date, or if we are unable to follow your instructions to transfer the funds to your nominated account because, for instance, it has been closed, your account will automatically become a Masthaven Bank instant savings account.

What would the estimated balance be after 12 months

Initial deposit at account opening Balance after 12 months Interest earned

We've based the above examples on your selected interest rate and assume the following:

  • You selected the annual interest payment option.
  • You made a single deposit when you opened the account.

How do I open and manage my account?

You can apply to open an account if:

  • You’re aged 18 or over.
  • You’re a UK resident and a UK or EU citizen.
  • You can manage your account online providing you have a personal email address and mobile number.
  • To open an account you must put in at least £500 and up to a maximum balance of £250,000. Once we have confirmed with you that your account has been opened, you will have a period of 7 calendar days, including the day we open your account, to fund your account.
  • We will credit the deposit to your account on the same day that we receive the funds from you. You can transfer funds by electronic transfer or debit card but not by cheque.

Terms and Conditions

To view the terms and conditions of our savings products click here.

Other important information

  • We reserve the right to withdraw any of our savings products at any time without notice.
  • This product is not a ‘Qualifying Time Deposit’ (QTD) as defined by HMRC.
  • Since 6 April 2016 you can earn up to £1,000 on your savings tax free, if you pay the basic rate of tax, and up to £500 a year if you pay the highest rate of tax. When we pay you the interest you’ve earned we won’t take the tax off. If you go over your allowance, it’s your responsibility to register and declare your tax and residency status and to pay any tax due to HMRC.
  • All deposits you make into your account must be from the nominated bank account you
    provide when you open your account.
  • You can make additional payments in to the account up to 7 calendar days from application.
  • There is an account balance minimum of £500 on your account and a maximum of £250,000. You may have numerous savings accounts with us at any one time. However, there is a maximum total balance of £1,000,000 that you can have deposited across all of your fixed savings accounts with us at any one time. Any accounts held jointly, or funds held in a joint account, will count towards each of your own individual limits.’

Annual Equivalent Rate (AER)
This is a notional rate that shows you how much the interest rate would be if the interest was paid and compounded once a year. It’s designed to make it easier for you to compare different financial products.

Gross Rate
This is the interest rate you are paid without any deduction of income tax.

The information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.


Frequently asked questions



We bring years of experience in short term lending to our new bank. We’re award winning and we build lasting relationships.


Home for Masthaven is London, where you’ll find our friendly helplines and expert teams.


All eligible deposits with us are protected up to £85,000 by the Financial Service Compensation Scheme.


We’re only as good as the people we employ. They’re an exceptional team and we trust them to make decisions.