The time it takes to open savings accounts through our marketplace depends on the time it takes to fund an application and the application review process. The following timings show the longest we expect a typical savings account opening to take, but your savings account may open in less time.
- Money transferred into your Transaction Account via Faster Payments should appear immediately
- Once your full deposit amount is available in your Transaction Account, it can take up to two business days for your savings account to open and begin accruing interest or profit.
Please be aware that you can transfer your full deposit amount to your Transaction Account in as many transactions as needed.