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Instant account

Our Instant account makes saving simple. Open with just £1, save what you can and withdraw money when you need it, giving you control over your savings as they grow. This account is available to existing customers, or new customers who live, work or study in Bath. Find out more and apply below.

Interest rate
(AER) i
Variable/Fixed i Min/Max amount i Withdrawals i
Variable £1 - £500,000 Yes and without penalty

Suitable for savers who:

  • want instant access to their savings
  • want to save as little or as much as they can each month
  • want to manage the account online, by phone or in a Branch or Agency
  • Live, work or study in Bath, or are existing Bath Building Society customers
  • are 18 years or over

Not for savers who:

  • are looking for a fixed interest rate

Summary Box

Key Product Information

What is the interest rate?

  • £1 – £100,000 0.25% AER.
  • £100,000+ 0.00% AER.
  • Interest is calculated on a daily basis and will be credited to the account on the 31st December annually.
  • Interest can be transferred into another Bath Building Society account or paid by faster payment into a nominated account if preferred.

Can Bath Building Society change the interest rate?

  • The interest rate is variable which means we may change it to respond to changes in the Bank of England base rate or changes in law, to meet relevant regulatory requirements, or to respond to changes to codes of practice or changes in our costs.
  • We will give you 30 days’ notice in writing before any reduction to the rate is applied.
  • Full details of the reasons why we may change your interest rate can be found on page six of the General Terms and Conditions leaflet.

What would the estimated balance be after 12 months based on a £1,000 deposit?

  • Based on the current rate of interest, if you deposited £1000 in this account, after 12 months you would have £1002.50.
  • This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only.

How do I open and manage my account?

  • Available for UK residents only.
  • Minimum opening balance £1.
  • Maximum balance £500,000.
  • To open an account, simply download an application form (below). Also available from any Branch or Agency, or by contacting our customer service team.
  • Identification will be required for all signatories. This is usually obtained through our electronic Equifax search facility. However, if this proves inconclusive, here’s some popular ways to verify your ID.
  • A passbook is issued with this account.
  • You can also manage all the accounts you hold with Bath Building Society by registering with Bath Online.

Can I withdraw money?

  • Funds are available on request and without penalty.
  • Withdrawals can be made direct to a designated UK bank account, which has been set up in the same name as the Bath Building Society account, by next day faster payment.
  • Maximum cash withdrawal on demand £500 per day.
  • Withdrawals by cheque can also be requested in any of our Branches and Agencies.
  • Signed requests should be posted to the Society’s Head Office, alternatively, we will accept instructions from a pre-nominated email address.

Additional information

  • This account is a limited issue and can be withdrawn without notice.
  • This account is a savings account and must not be used for multiple monthly transactions like a current account. It isn’t a Payment Account for the purposes of the Payment Services Regulations 2017.

Important information before you apply

Before you apply please read our terms and conditions document and FSCS information sheet alongside the key product information above to understand how this account works.

Open account / find out more

Apply online

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Talk to us

Live chat

Call us

01225 330014

Call us

Download an application form


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