Looking for international growth but want easy access to your savings at all times?
Get both with an Instant Access Saver from Nomo, with expected profit rates up to 4.2%.
Deposits up to £85,000 are covered by the FSCS protection scheme
Have spare money sitting in your bank account? Put it to work in a UK-based savings account and grow it until you need it.
Profit accrues daily and is paid monthly, meaning you’ll start earning as soon as your Instant Access Saver is open.
Be rewarded for depositing more in your Instant Access Saver. The larger your balance, the higher your expected profit rate.
We’ve got recurring transfers to help you automatically grow your savings towards the next profit rate threshold.
Diversify your income and grow your wealth in different currencies.
Nomo Instant Access Savers are available in GBP, USD and EUR, and you can open one account in each currency.
Minimum deposit 3,000 GBP, 3,000 USD or 3,000 EUR.
What is the profit rate?
The expected profit rate for the flexible savings account is calculated based on the currency and the amount deposited in your account. This means that the profit rate you will earn will vary depending on the balance in your flexible savings account.
Account Balance | Expected Profit Rate (Equivalent Annual Rate) |
---|---|
British Pound (GBP) | |
3,000 - 9,999.99 GBP | 3.85% |
10,000 - 24,999.99 GBP | 4.05% |
25,000 GBP or more | 4.2% |
US Dollar (USD) | |
3,000 - 9,999.99 USD | 3.8% |
10,000 - 29,999.99 USD | 3.95% |
30,000 USD or more | 4.1% |
Euro (EUR) | |
3,000 - 9,999.99 EUR | 2.55% |
10,000 - 29,999.99 EUR | 2.7% |
30,000 EUR or more | %.85% |
Profit is calculated based on your daily balance and deposited into your flexible savings account on the first day of each new calendar month. You can view the expected profit rates through the Nomo app by logging in or by visiting our website.
Can Nomo Bank change the profit rate?
Yes, the profit rates are variable, and we will notify you if we reduce the expected profit rate applicable to the account and give you 30 calendar days' notice as described in the terms. You may close your account and have your money returned to you, otherwise we will keep your account open, applying the new lower expected profit rate.
If the expected profit rate has increased, we will apply it to your account immediately
What would the estimated balance be after 12 months based on a range of deposits?
Account Balance | Expected Profit Rate % (AER) | Expected Profit after 12 months |
---|---|---|
GBP | ||
£3,000 | 3.85% | £3,117.56 |
£10,000 | 4.05% | £10,412.60 |
£25,000 | 4.2% | £26,070.45 |
USD | ||
$3,000 | 3.8% | $3,116.01 |
$10,000 | 3.95% | $10,402.23 |
$30,000 | 4.1% | $31,253.38 |
EUR | ||
€3,000 | 2.55% | €3,077.40 |
€10,000 | 2.7% | €10,273.37 |
€30,000 | 2.85% | €30,866.26 |
This illustration shows what a future balance might look like. It assumes:
How do I open and manage my account?
You can open, view and manage your Instant Access Saver in the Nomo app.
Can I withdraw money?
Yes, you have instant access to all your money in this type of account (provided the minimum balance is kept in the account), you may withdraw some or all of your money including any profit due to you, from your Instant Access Saver account to your Current account, and close your Instant Access Saver at any time in the Nomo app.هل يمكنني سحب الأموال؟
Additional information