Gatehouse EA (NLA) is there a minimum amount to keep account open?

ToastLady

Moving my money elsewhere as rate goes down to 4.27% from tomorrow 19/3. The documents I have regarding the account don't state a minimum deposit/amount to be held to keep the account open. I'd rather keep it open if I can rather than close, but not if it's a high minimum. Can't find anything on their website, not to say it isn't there.

Dugal

Minimum opening deposit was £1.  So presume this is the minimum balance.

ToastLady

Many thanks Dugal, just what I wanted to hear.

allegro120

ToastLady said:

Moving my money elsewhere as rate goes down to 4.27% from tomorrow 19/3. The documents I have regarding the account don't state a minimum deposit/amount to be held to keep the account open. I'd rather keep it open if I can rather than close, but not if it's a high minimum. Can't find anything on their website, not to say it isn't there.

I think 4.27% is EPR, AER is 4.35%.  Still too low by today's standard.

Minimum operational balance for this account is £1. I don't know whether they enforce it or not, I never went below  £1.

Bobblehat

Just to add, as a reminder, the ERG version of the EA, which Gatehouse's RS matured into, drops to the rate above on 27th March.

poolboy

Thanks will leave 1 gbp in mine, coventry 4.85 for the win.  Shame, I liked gatehouse but no sentiment here.