3 Great Reasons to Save with JN Bank UK

Your savings are protected by the Financial Services Compensation Scheme

 

The money you save with JN Bank UK is protected up to £85,000 per person by the Financial Services Compensation Scheme (FSCS). All the money you save with us, whether in one or multiple accounts is counted towards this limit. You should also note, that if you have any other JN Bank UK accounts opened through a savings platform then these deposits also count towards the total limit of £85,000.

Access to your money when you need it or lock it away and get a better rate

 

Our easy access account can be opened with just £1 and gives you access to your money when you need it. Higher rates of interest are available on our Fixed Term Deposit Savings Accounts. These will have terms of between 1 to 5 years.

Quick to open an account online with the reassurance of a highly rated customer services team

It is straight forward to apply for a savings account with JN Bank UK – you can do it all online. If you do need some help, then our customer services team is there to help. We’re highly rated on Trustpilot and are finalists for the British Bank Award’s Treating Customer’s Fairly Champion in 2023. 

Choose a Savings Account 

 

We offer an Easy Access Savings Account or Fixed Term Savings Accounts over terms of 1 to 5 years.

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Fixed Term Savings Account

A Fixed Term Savings Account helps you to save towards a longer-term savings goal, such as a wedding, a house deposit, or a dream holiday. These accounts** pay a fixed rate of interest for a fixed number of months or years.

These will have terms of between 1 to 5 years. The interest rate is usually higher than our Easy Access Savings Account because you cannot access your money until the fixed term ends.

Key information: 

Min. balance for 1 year term: £100

Min. balance for 15 months, 2, 3, 4, 5 year term: £1,000

Max.* balance: £500,000

Interest is calculated daily, paid annually into your fixed-term account.

 

*Max. balance refers to the maximum deposited amount into your account excluding interest per customer per account.

**Transfer at least £100 within 14 days of opening a 1-year term, or £1,000 within 14 days of opening for a 15-month, 2, 3, 4, or 5 Year Term

Find Out More

 

 

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Easy Access Savings Account

An Easy Access Savings Account is a convenient and flexible way to save. You can make as many withdrawals and deposits as you wish. It is ideal if you are just starting on your savings journey or if you have a larger balance and want to retain easy access to your funds. A simple and effective way to get into the savings habit, with the security of access to your cash straightaway - should you need it.

Key information: 

Min. balance: £1

Max.* balance: £500,000

Interest is calculated daily and paid monthly into your easy access account.

 

*Max. balance refers to the maximum deposited amount into your account excluding interest per customer per account.

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IGNITE: The Account for JN Members

Discover special rewards with IGNITE: The Account for JN Members – the ultimate Easy Access savings account for JN Group members in the UK!

Eligibility requires a minimum deposit of £1, UK residency with a UK bank account, a valid email address, UK mobile phone number, and either a JN Bank account in Jamaica or a transaction number from JN Money Services.

Key information: 

Min. balance: £1

Max. balance: £500,000

Transfer money to your JN Bank account in Jamaica fee-free*

Save regularly to enter quarterly prize draws**

Use your reward card for discounts with retail partners

*JN Bank UK does not charge any fees for withdrawing money from IGNITE: The Account for JN Members to your JN Bank account in Jamaica. JN Bank account in Jamaica must be in Pounds Sterling. All withdrawals must be to the nominated JN Bank account in Jamaica. This promotional offer ends at the end June 2024.

** Add to your savings every month for three months in a qualifying period to be eligible for our prize draw. Running from January to March, April to June, July to September, and October to December

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Savings FAQs

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All UK residents aged 18 years and over, who have a UK mobile phone, email address and a UK bank account are eligible.

You can click here, choose a product for you, and complete the account opening process online. You may also visit our branch in Brixton or call our customer services team on 0808 196 1945 for any assistance.

The account opening process can all be done electronically. However, in some instances you may be asked to produce the following:

  • a Valid Photo ID (passport, driving licence, government issued ID)
  • proof of UK address (utility bill, bank statement or Council Tax bill) dated within the last 3 months

Once you have completed the application process, (including the upload of any documents if applicable), your application will be processed. Once your account is open, we will email you your account information, including:

  • sort code
  • account number
  • account opening date
  • For Easy Access, interest is calculated daily and paid monthly into your Easy Access account 
  • For 1 Year Fixed Term, interest is calculated daily, and paid at maturity. For 15 Month, 2 Year, 3 Year, 4 Year, and 5 Year Fixed Term terms, interest is calculated daily, paid annually and at maturity
  • This is any UK bank current account, in your name, that you can link to your JN Bank, so you can transfer funds into and from it.

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