January 18, 2019

  • 1 Year Fixed Term Deposit account increased to 2.15%

  • 2 Year Fixed Term Deposit account increased to 2.35%

  • 3 Year Fixed Term Deposit account increased to 2.45%

Gatehouse Bank is today increasing rates on three of its savings accounts. The Bank’s most popular account, a 1 Year Fixed Term Deposit (FTD) account, will now offer a market-leading 2.15% EPR.

The bank is also raising rates on its 2 Year FTD account from 2.14% to 2.35% and its 3 Year FTD account from 2.33% to 2.45%, with both products expected to feature in Best Buy tables.

All Gatehouse Bank savings accounts require an initial deposit of £1,000.

The move means two Gatehou...

January 17, 2019

Gatehouse Bank has appointed Sonam Pathak and Neha Nadhvana as mortgage underwriters in its rapidly expanding Home Finance team.

Sonam brings more than seven years’ banking experience to her new role, having previously held positions at Barclays and Santander. For the past four years, Sonam worked at Coventry Building Society as a mortgage underwriter. Neha is a further strong addition to the already-experienced team, having spent 14 years as an underwriter at Nationwide Building Society.

Sonam and Neha will be responsible for ensuring a smooth process for brokers and individual buy to let and home finance customers.

Both will be based at Gatehouse’s...

January 16, 2019

  • Inflation takes a smaller, but still severe, bite out of nest eggs compared with 2017

  • Average savers’ £26,403 nest egg would still have lost £494 due to inflation

  • 2018 CPI came in at 2.1% this morning

The average saver using easy access accounts lost almost £500 in real terms during 2018 according to data released today, as inflation continued to eclipse rates, analysis by Gatehouse Bank shows**.

The average British saver saw marginally better instant access deposit rates last year. However the average savers’ £26,4032 nest egg would still have shrunk by £494 in real terms once inflation was factored in.

The CPI annual measure of inflatio...

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