Earn bonus interest every month you don't make a withdrawal.
That's all you need to open an account, to a maximum of $2,000,000. Please note that accounts are limited to one per customer
If you have more than $50,000 in your account, we pay a lower interest rate on the amount above that – see our interest rates.
When you qualify for a bonus interest payment, it’s calculated on the daily balance and paid monthly.
As the name suggests, this account is ‘online only’. That means you can access your funds anytime you need them and all your interactions with this account will be online.
Open a Online Bonus Saver today
Please read the important product information and check eligibility before you apply.
Our Online Bonus Saver account gives you a variable rate of 0.45% AER/gross (including bonus interest) for any calendar month you don't make a withdrawal. You'll get a variable rate of 0.10% AER/gross in any calendar month you do make a withdrawal or close your account.
You can open an Online Bonus Saver with $1 or more. If you have more than $50,000 in your account, interest is paid at a lower rate on balances above that amount.
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Question |
Answer |
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What is the account name? |
Online BonusSaver |
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What is the interest rate? |
Standard Rate Interest rate on first $50,000: 0.10% AER (0.10% Gross) Interest Rate including bonus Interest rate on first $50,000: 0.45% AER (0.45% Gross) Interest is calculated daily and credited to the account monthly. The standard rate of interest is paid in any month where a withdrawal is made or you close your account. The interest rate including bonus is paid in any month where you don't make a withdrawal or don't close your account. Balances up to $50,000 will earn the higher rate of interest. Only the part of the balance above $50,000 will earn the lower rate of interest. |
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Can Optimum Heritage change the interest rate? |
Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions. |
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Initial Deposit of $1,000 Standard rate Interest rate: 0.10% AER (0.10% Gross) Interest rate including bonus Interest rate: 0.45% AER (0.45% Gross) Balance at end of 12 months: $1,004.50 Initial Deposit of $60,000 Standard rate Interest rate on 1st 50,000: 0.10% AER (0.10% Gross) Interest rate including bonus Interest rate on 1st 50,000: 0.45% AER (0.45% Gross) Balance at end of 12 months: $60,250 For the purpose of this calculation, it is assumed:
Projection provided for illustrative purposes only and does not take into account individual circumstances. |
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How do I open & manage my account? |
Eligibility:
How to open the account:
Minimum/Maximum Balance:
How to manage the account
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Can I withdraw money? |
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like. However if you do make a withdrawal you will receive the standard rate of interest for that month. |
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Additional Information |
A 14 day cancellation period applies to this account. We do not deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future. Definitions
Rates correct as at 06.04.18 |
To be eligible for the Online bonus saver account you just need to be:
If you have an Optimum Heritage Current Account or other savings account and you're registered for online banking, you can apply online in minutes.
Log on to applyIf you already have an Optimum Heritage Current Account or savings account (excluding an ISA), you can register for online banking. Once you've received your security details, you'll be able to apply for and manage your savings account online.
Register for online bankingIf you’re liable to pay tax outside the UK, please apply at your local branch.
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
If you would like to use your allowance for stocks and share as well as cash.
Find out how much you could borrow with a mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage
Find out more about tax efficient savings and how to make the most of your ISA allowance.
You can save from $1. For balances that exceed $50,000 we'll pay a lower rate of interest. See our Interest Rates for current rates.
Please note that the maximum balance permitted is $2 million.
You can access your Online Bonus Saver Account via online banking only.
We will pay a variable rate of interest as well as bonus interest for any month when you don't make a withdrawal. Please note, no bonus interest will be paid in any month where a withdrawal is made. Interest is calculated daily and is paid monthly. See our Interest Rates for current rates.