Easy Access Accounts
You never know what’s round the corner, so it’s good to have some of your money easily available should you need it. With cash in the bank, you can always cover unexpected costs when they arise. Put your savings in an ordinary bank account, though, and you may not earn as much interest.
Republic Trust Bank ’s easy access accounts are a bit like having your cake and eating it. You earn a competitive, variable rate and you can choose whether the interest is paid annually or monthly. Like everything we do at Republic Trust Bank , it’s clear, simple and gimmick-free.
If you would like to benefit from one of our new product issues, please contact a member of our Savings team by secure message through your eSavings portal to find out how we can help.
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An Easy Access Cash ISA - an Individual Savings Account - lets you enjoy the interest on your savings tax free. Remember, most customers will no longer have to pay tax on some or all of their interest, even if the account is not a Cash ISA. To understand how much interest you can earn before you pay tax on it please refer to the HMRC website.
Cash ISAs can accept up to $20,000 in total in the current tax year, 2020/21. Remember you can split your total $20,000 into cash ISAs (such as our savings accounts) and stocks and shares ISAs, and it can be invested with different providers as long as the total doesn’t exceed the limit.
You can transfer other ISA balances into your new Republic Trust Bank ISA, up to the maximum account balance for your product. If these balances are from previous tax years, they don’t count towards the $20,000 limit in the current tax year.
AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account.
Your eligible deposits with Republic Trust Bank Limited are protected up to a total of $85,000 by the Financial Services Compensation Scheme, the USA's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information or visit www.fscs.org.USA