Everything you need
Available in GBP and all major currencies, our current accounts are designed to help you manage your cash flow. As we also pay a very competitive rate of interest, you can use our current account for savings, giving you instant access to your funds whilst also providing you with the flexibility to create as many pots as you need, allowing you to save for a rainy day.
Everything you need with Trusted Novus Bank!
Day to Day Banking
Our current accounts are tailored to make managing your cash flow easier:
- No minimum deposit.
- Attracts a highly competitive rate of interest.
- Total account balance is instantly accessible to you. Interest paid monthly with no commitment to a fixed term.
- Free VISA Debit Card and / or VISA Credit Card.
- Option to apply for VISA Gold Card which includes access to airport lounges and travel insurance.
- Monthly customer fee of £12.50.
If you wish to discuss this account or alternative savings with us, get in touch
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If you’re looking to plan for the future, we understand the importance of saving for your future, and we're pleased to introduce our deposit products designed to assist your financial journey
Frequently Asked Questions
Yes, the interest rate is variable. If TNB makes changes to interest rates that are in your favour, then we have the right to apply that change immediately and write to you soon afterwards confirming that change. We can also change an interest rate immediately and without notice if that change is based upon the reference interest rate on our Price List.
The Gibraltar Deposit Guarantee Scheme (GDGS) protects depositors in the event of a Credit Institution authorised by the Gibraltar Financial Services Commission (GFSC) being unable to repay depositors.
The maximum compensation payable under the Scheme for each depositor is EUR 100,000, irrespective of the number of accounts or the currencies these are held in at the Credit Institution that has failed.
Yes. In line with any terms and conditions that apply, you can withdraw and transfer at any time without giving notice.
Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, current accounts, fixed term deposit accounts in financial institutions.
Factors that affect interest rates are economic strength, inflation, government policy, supply and demand, credit risk, and loan period.
Inflation is an increase in the level of prices of the goods and services that households buy. It is measured as the rate of change of those prices.
- Energy, Fuel and Food costs are up because of Russia/Ukraine.
- Global Workforce shortage
- Supply Chain and Transport difficulties globally
- Impact of Covid