Vida Savings: Easy Access Account

The interest rate applicable to your deposit is variable. Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases. Please review the Raisin Trust Terms and Conditions for more information.

The estimated balance after 12 months on a deposit of £100 is £104.25. This projection is for illustrative purposes only, and does not take into account individual circumstances.

To open this savings account, you must apply online through Aviva plc. Savings accounts at Aviva plc are only available through this online application process, and to be eligible to apply, you must ● Be a UK resident who is aged 18 or over ● Hold a UK bank or building society account from which you will fund your application ● Have a valid mobile phone number and email address ● Have a UK National Insurance Number Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks. The minimum amount you can deposit is £100 and the maximum amount you can deposit is £85000 (per product and banking institution). Please ensure you have read and understood all sets of Terms and Conditions before applying for this product. You can manage your savings account through Aviva plc by logging into your Aviva plc Account. You can contact Aviva plc by telephone, by email or in writing by using the contact details provided in the Aviva plc Terms and Conditions.

Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £100 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within Raisin UK. If a closure request is received on a non business day (either weekend or public Holiday), the request will be initiated on the next business day. Once closure has been requested it can’t be revoked.

Raisin Platforms Limited (RPL), will administer the deposit on your behalf as Bare Trustee in accordance with the Raisin Trust terms and conditions.  Funds will be remitted to Vida Savings by Raisin on the next business day after arriving in the Raisin Platforms Trust account.  It can take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Vida Savings account. Your funds will be held by Vida Savings in our name as your trustee in a pooled account together with the assets of our other customers, the customers of Vida Savings and Vida Savings's own funds. Your funds will remain identifiable at all times. You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account.

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.