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GB Bank

I don't see much mention of GB Bank, is it good? Bonds, Easy access?

I'm very new to savings.
David.

Comments

  • wmb194
    wmb194 Posts: 6,362 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Supatramp said:
    I don't see much mention of GB Bank, is it good? Bonds, Easy access?

    I'm very new to savings.
    "Good" in the sense of offering market leading rates, not currently.

    https://moneyfactscompare.co.uk/savings-accounts/  (in the tables change sort to "rate")

    https://www.gbbank.co.uk/customer/savings-customer/
  • Albermarle
    Albermarle Posts: 32,131 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Supatramp said:
    I don't see much mention of GB Bank, is it good? Bonds, Easy access?

    I'm very new to savings.
    Maybe it means either they only have a small customer base, or there are no complaints about them. 
  • allegro120
    allegro120 Posts: 2,679 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Supatramp said:
    I don't see much mention of GB Bank, is it good? Bonds, Easy access?

    I'm very new to savings.
    I used it briefly in March-April 2025 for Easy Access when they offered a good rate. 
    It's easy to open and operate.  The app worked fine. Deposits arrive immediately (including weekends), but withdrawals are not instant. If your withdrawal is authorised before 1pm, it will be processed and received by your bank on the same day (assuming it is a working day). If your withdrawal is authorised after the cut-off time, it will be received by your bank the following working day.  My early morning withdrawals arrived at around 3-4pm. Also the transactions are via nominated account only.
  • EthicsGradient
    EthicsGradient Posts: 1,534 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Supatramp said:
    I don't see much mention of GB Bank, is it good? Bonds, Easy access?

    I'm very new to savings.
    I used it briefly in March-April 2025 for Easy Access when they offered a good rate. 
    It's easy to open and operate.  The app worked fine. Deposits arrive immediately (including weekends), but withdrawals are not instant. If your withdrawal is authorised before 1pm, it will be processed and received by your bank on the same day (assuming it is a working day). If your withdrawal is authorised after the cut-off time, it will be received by your bank the following working day.  My early morning withdrawals arrived at around 3-4pm. Also the transactions are via nominated account only.
    I too used it for east access around then - again, no problems, subject to their timetable. I also have a 2 year bond I opened with them in October 2024, via Raisin, when they had a good rate. Again, no problems, but there's not much that happens with a bond.
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