The Bank of England decreased Base Rate from 5.00% to 4.75% on Thursday 7 November 2024. Following this announcement, we will be reviewing how this impacts our current savings interest rates and this may mean we need to change your variable interest rate if this is applicable to your product. If we do, we will be in touch to let you know and provide you with your options.
Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
How is my money protected?
Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
If you have an online account with Close Brothers Savings, you can contact us using our secure messaging system.
How can I contact Close Brothers Savings?
If you have an online account with Close Brothers Savings, you can contact us using our secure messaging system.
Alternatively, you can contact our Customer Services team:
Phone: 0203 857 3050 (Monday to Friday, 9am-5pm excluding bank holidays)
Post: Close Brothers Savings, 10 Crown Place, London EC2A 4FT
My bank doesn’t recognise your details
Our clearing bank partner is Royal Bank of Scotland (RBS). Therefore, when you are sending funds to your account with us, you must select the ‘business’ option as the account type, not the ‘personal’ option.
My bank doesn’t recognise your details
Confirmation of Payee (CoP) has been introduced by a number of banks for payments made via Faster Payments or CHAPS.
This enhanced security measure enables individuals to confirm whether the details they have entered match the account of the person or organisation they are paying.
We receive your funds via a clearing bank. Our clearing bank partner is Royal Bank of Scotland (RBS). Therefore, when you are sending funds to your account with us, you must select the ‘business’ option as the account type, not the ‘personal’ option.
Before proceeding with the transfer please check that the details you have entered match the details shown on our website.
You can fund or top up your account by electronic transfer, cheque or ISA transfer (if applicable).
How do I pay funds into my account
You can fund or top up* your account by electronic transfer, cheque or ISA transfer (if applicable).
All funds must be transferred from your nominated UK bank account (excluding ISA transfers). This is the UK current account in your name(s) linked to your account with Close Brothers Savings. You may ask us to change this at any time up to five calendar days before any repayments are due.
By electronic transfer:
Type of account: Business
Account name: Close Brothers Ltd
Sort Code: 16-51-87
Account no.: Your Close Brothers Savings account number (if known) or 00000000
Reference: Your surname and postcode
Please make sure your funds are available when we process your application as we require both the completed application form and cleared funds to open your account. Funds can be sent in one single payment or by multiple instalments from your nominated UK bank account.
By cheque:
For applications in your sole name, your cheque must be drawn on either a personal UK bank account in your sole name or a joint account (of which you are a party). For applications in joint names, your cheque must be drawn on a UK bank account in your joint names or in either of your sole names.
You will need to supply proof of the source of funds for building society counter cheques. We accept a copy of a building society passbook or statement showing your account number and sort code. It is mandatory that cheques are made payable to:
CLOSE BROTHERS LTD A/C ‘RE: ACCOUNT HOLDER’S NAME’
e.g. for an account in the name of Mr John Smith, the cheque should be made payable to Close Brothers Ltd a/c ‘re: Mr John Smith’
Cheques should be sent to: Close Brothers Savings, 10 Crown Place, London, EC2A 4FT
By ISA transfer:
Complete the ISA transfer request as part of your application. Alternatively, you can complete the ISA Transfer Request Form below and return it to us at: Close Brothers Savings, 10 Crown Place, London, EC2A 4FT
Find the right choice for your savings. Whether you're saving for the long term, a special occasion or your future, you'll find the product that works best for you in our complete range.