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Flexible Saver

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Park North Bank Flexible Saver

Whether you’re saving for a wedding, a new car, a once-in-a-lifetime holiday or maybe all 3, you can open as many Flexible Saver accounts as you have reasons to save.

Start saving for something special with just a $10 deposit.

Open an account with $10. How much you save is up to you – you can put in a lump sum or save a little at a time, starting from just $10
Save a bit every month. You can choose to save by standing order, transferring a set amount into the account each month or by making a lump sum payment. There’s no maximum balance.
Access your money instantly. This is an instant access account, so you can take out and transfer money whenever you need to, no notice required
Watch your money grow. You’ll earn interest on your savings – and, if you’re an Park North Bank Advance customer, you’ll enjoy preferential rates that could help you save even more.
Manage your money anytime. Once opened, you can manage your account via telephone and online banking, the Park North Bank Mobile Banking app or in any of our branches.

How it works

Flexible Savers help you save for anything, in a way that suits you.
You can start your Flexible Saver account with just $10, and pay in lump sums or set up a standing order to save a set amount each month.
It's an instant access account, so you can put in or take out money whenever you like. There are no charges for withdrawals.
You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.
You'll earn interest on your money and if you're an Park North Bank Advance customer you are eligible for a preferential rate.

Rates

Balance Rate Interest rate
All balances Preferential Rate
Standard Rate
0.10% AER/Gross
0.15% AER/Gross

estimated balance after 12 months

Initial deposit Rate Interest rate Balance at the end of 12 months
$1,000 Standard Rate 0.10% AER/Gross $1,001.00
£1,000 Preferential Rate 0.15% AER/Gross $1,001.50

Start your banking with Park North Bank