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Meet B’s digital current account & instant savings all in one super smart app
Digital banking with B
With B, you get a current account, instant savings account and super-smart money-management app – all for free, with absolutely no monthly fee for maintaining the account (other fees may apply). Plus, B is powered by Clydesdale Bank and Yorkshire Bank, who’ve won the 2017 and 2018 Moneyfacts award for Best Current Account Provider – so you can be sure you’re in good hands.
What you can expect
- A 0.50% AERGo to footnote [1] (0.50% gross p.a. variable) interest rate paid monthly on current account balances up to £2k
- A 1.00% AERGo to footnote [1] (1.00% gross p.a. variable) interest rate on your savings balance (paid quarterly on all credit balances)
- Arranged overdrafts are available, with a grace period of 2 working days before charges apply. Overdraft subject to status – find out more about B overdrafts (Link opens in a new window).
- Pay with your contactless card, Apple pay, Google pay, or withdraw £500 cash a day (subject to available funds)
Footnotes
[1] AER Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate interest payable without taking account of any tax payable. Credit interest is calculated daily on the cleared credit balance in your account. ↩
Account Summary
What is the interest rate on the B current & savings account?
| Account | Balance | Gross Rate (%) | AER (%) |
|---|---|---|---|
B current account |
On all credit balances up to £2000 | 0.50% | 0.50% |
B savings account |
On all credit balances | 1.00% | 1.00% |
Interest will be paid gross.
Gross rate interest is the interest payable without taking account of any tax payable.
AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
Can Clydesdale Bank & Yorkshire Bank change the interest rate?
Yes, if we decrease your rate we will provide at least 2 months notice as described in Section 9 of the Terms and Conditions. We may increase your rate without giving you notice.
What would the estimated balance be after 12 months based on a £1,000 deposit?
| Account | Initial deposit at account opening | Balance after 12 months |
|---|---|---|
B current account |
£1,000.00 | £1,005.00 |
B savings account |
£1,000.00 | £1,010.00 |
This is only an example and does not take into account your individual circumstances
The example assumes that:
- no further deposits or withdrawals are made;
- any interest earned stays in the account; and
- there is no change to the interest rate.
How do I open and manage my account?
B Current account & B Instant Savings Account come together. The B Instant Savings Account will remain open, provided the B Current Account is maintained as described in the Terms and Conditions.
There are no minimum or maximum balance restrictions or need to pay in on a regular basis.
The B account is available for anyone from the age of 16. If you want to apply online, you'll need to be at least 18. Subject to status.
Additional information
- B Current & Instant Savings accounts are available for anyone from the age of 16 (18 for online application), subject to status.
- Make sure you’re choosing the right account for you by comparing our other current accounts.
- Looking for a joint account? We only need one of you to get the ball rolling.
- You can cancel your agreement with us by phone or in branch within 14 days of your account being approved. Once you've cancelled, you have 30 days to repay any debit balance, interest and fees owing.
- View our full B Current Account T&Cs (PDF, opens in a new window) for the B Current & Instant Savings account.
Tag your spending and set budgets
The B app automatically tags the majority of your purchases so it’s easy to see, in just a couple of taps, where you’re spending your hard-earned cash. Plus, set up budgets using tags and the app will keep track of how well you’re sticking to them.
Set up savings pots
Saving for a car? Putting cash aside for a rainy day? Adding to the Christmas fund? With the B app, you can separate your savings into different pots with different goals, all in one account.
Insights and projections
As it tracks your spending, your B app can let you know what you’re projected to finish the month with, and give handy insights into the way you spend.
Financial stories
With stories, you can get handy insights into how you spend money – such as how many purchases you’ve made under £10 (you might be surprised how quickly they add up!) and how much cash you’ve withdrawn.
Making the most of these features
As long as you have a smartphone or tablet running iOS 10 (or above) or Android 5.0 Lollipop or above, you can make use of the super smart B app. You can still access your accounts through your desktop or laptop, but won’t be able to use the full range of features.
Apply now in just 15 minutes
Are you an existing customer? I.e you currently have a product with B, Clydesdale or Yorkshire Bank.
Do you want to open a new account, or convert an existing account?
Is this current account for you, or are you looking for a joint current account which can be accessed by two people?
Thanks! We'll transfer you to the B website to start your application.
Thanks! If you have a Current Account Direct or Current Account Plus account with Clydesdale or Yorkshire Bank, you can start your application on the B website. If you want to convert a different account, please contact us.
Got any questions?
Popular questions about current accounts
What makes the B Current account different to other current accounts?
Some people find money boring and hard to control. And banks inflexible. B is designed to turn that on its head. The more you use it, the more it learns about you; shaping itself around your habits and goals, and sharing helpful insights about your spending. It acts a bit like a life coach for your finances, putting you back in control.
Can I still visit a branch if I have a B Current account?
Yes, you can. You can visit any Clydesdale Bank or Yorkshire Bank branch for support.
Can you explain how the 2 day grace period on overdrafts works?
There are two different types of overdraft charge, Monthly Arranged Overdraft Fee and Daily Unarranged Overdraft Fee.
For an arranged overdraft, B will give customers 2 business days’ grace period per calendar month before the Monthly Arranged Overdraft Fee is charged.
For an unarranged overdraft, B will give customers 2 business days before the Daily Unarranged Overdraft Fee is charged – customers qualify for another grace period when they reduce their unarranged overdraft to less than the buffer amount.
B will also send daily text messages to customers when they enter the grace period, to prompt them to take action to correct their balance.
Can I open a B Current account without a B instant savings account?
B comes with a current account and a savings account. There is no option to open one without the other. The savings account is free and there is no stipulation that you are required to pay a certain amount into this account.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.