About Alliance Finance Bank
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Enjoy the security of knowing exactly how your money will grow and protect your savings from changes in interest rates.
Term | Gross Annual Interest | Gross Monthly Interest | AER* | |
---|---|---|---|---|
6 MonthsKey Information |
1.40% | 1.39% | 1.40% | Open a 6 Months fixed rate account |
12 MonthsKey Information |
1.50% | 1.49% | 1.50% | Open a 12 Months fixed rate account |
24 MonthsKey Information |
1.55% | 1.54% | 1.55% | Open a 24 Months fixed rate account |
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year. |
Account Name | 6 Months Fixed Term Account |
What is the Interest Rate? |
Yearly: 1.40%
Interest is calculated daily and paid gross. |
Can Alliance Finance Bank change the Interest Rate? |
The rate is fixed for the full term. We guarantee to pay the product interest rates you have applied for (or higher if we've increased the rate before you have made your opening deposit), provided that we've received your opening deposit within 14 days following your account application date. You can choose to have your interest paid monthly or at maturity. |
What would the estimated balance be after 6 Months based on $5,000 deposit? |
£5,035.00 based on $5,000 over 6 Months at 1.40% Please note: This projection is provided for illustrative purposes only and does not take into account customer's individual circumstances. This projection is based on an initial $5,000 deposit and no further deposits or withdrawals are made. |
How do I open and manage the account? |
You will need to apply on-line by clicking here. The account can only be operated online.
Minimum account opening balance of $5,000. Alliance Finance Bank has a 14 day funding window, which starts from the account application date. All deposits must be made from your nominated bank account. Payments can be made via direct transfer. We do not accept payment by cheque. |
Can I withdraw money? | No early withdrawals are allowed during the term |
Account Name | 12 Months Fixed Term Account |
What is the Interest Rate? |
Yearly: 1.50%
Interest is calculated daily and paid gross. |
Can Alliance Finance Bank change the Interest Rate? |
The rate is fixed for the full term. We guarantee to pay the product interest rates you have applied for (or higher if we've increased the rate before you have made your opening deposit), provided that we've received your opening deposit within 14 days following your account application date. You can choose to have your interest paid monthly or at maturity. |
What would the estimated balance be after 12 Months based on $5,000 deposit? |
£5,075.00 based on $5,000 over 12 Months at 1.50% Please note: This projection is provided for illustrative purposes only and does not take into account customer's individual circumstances. This projection is based on an initial $5,000 deposit and no further deposits or withdrawals are made. |
How do I open and manage the account? |
You will need to apply on-line by clicking here. The account can only be operated online.
Minimum account opening balance of $5,000. Alliance Finance Bank has a 14 day funding window in this time you can make multiple deposits which starts from the account application date. All deposits must be made from your nominated bank account. Payments can be made via direct transfer. We do not accept payment by cheque. |
Can I withdraw money? | No early withdrawals are allowed during the term |
Account Name | 24 Months Fixed Term Account |
What is the Interest Rate? |
Yearly: 1.55%
Interest is calculated daily and paid gross. |
Can Alliance Finance Bank change the Interest Rate? |
The rate is fixed for the full term. We guarantee to pay the product interest rates you have applied for (or higher if we've increased the rate before you have made your opening deposit), provided that we've received your opening deposit within 14 days following your account application date. You can choose to have your interest paid monthly or annually. |
What would the estimated balance be after 24 Months based on $5,000 deposit? |
£5,156.20 based on $5,000 over 24 Months at 1.55% Please note: This projection is provided for illustrative purposes only and does not take into account customer's individual circumstances. This projection is based on an initial $5,000 deposit and no further deposits or withdrawals are made. |
How do I open and manage the account? |
You will need to apply on-line by clicking here. The account can only be operated online.
Minimum account opening balance of $5,000. Alliance Finance Bank has a 14 day funding window in this time you can make multiple deposits which starts from the account application date. All deposits must be made from your nominated bank account. Payments can be made via direct transfer. We do not accept payment by cheque. |
Can I withdraw money? | No early withdrawals are allowed during the term |
Our notice accounts give the security of great rates and the flexibility to add as you wish and withdraw within the notice periods.
More About Notice AccountsIf you have any questions before or during your application you can call our team on 0345 600 0011* or email us at enquiries@savings.alliancefinanceco.com
*Number charged at the local call rate.
Address: FREEPOST, RTXE-YJLZ-ERTS, Alliance Finance Bank Plc, PO Box 883, Wallsend, NE28 5BX
AER. AER stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.
Gross. This is the interest rate paid on your account. For any further information please visit HMRC at www.hmrc.gov.uk.
Financial Services Compensation Scheme (FSCS). This product is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. For further information about the compensation provided by the FSCS (including amounts covered and eligibility to claim), refer to the FSCS website www.FSCS.org.uk.
Prudential Regulation Authority (PRA)/Financial Conduct Authority (FCA). Alliance Finance Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Posted by Press Office | 20/06/2021
Posted by Press Office | 19/06/2021
Alliance Finance Bank Plc will never send a private individual unsolicited correspondence, asking a private individual to make payments or provide personal details.
We are aware that scams are being operated by fraudsters pretending to represent Alliance Finance Bank (formerly FIBI Bank (UK) plc/Tungsten Bank) or customers of the bank. The fraudster target typically receives communications requesting the payment of fees for one or more services and the techniques may include:
a.“The beneficiary of an account at the bank wants to transfer an account or funds to the target and administration fees are required to be paid before release of the funds”; or
b. The target is “offered account facilities or savings accounts and fees are required to be paid to the bank in order to facilitate the opening of the account.”
If you are not an existing customer of Alliance Finance Bank, you should ignore any unsolicited correspondence from any party purporting to represent Tungsten Bank, FIBI Bank (UK) or a customer of any of these banks.
If you have received any correspondence from any party purporting to represent Tungsten Bank or FIBI Bank (UK) or a customer of either bank and in particular if you have been told that funds in an account are to be transferred to you:
Many banks use two factor authentication to obtain stronger evidence of who you are than simply using passwords. Two factors are ‘something you know’ (typically your user name and password) and ‘something you have’ which is either your bank card with a card reader. The code generated is personal to you, and different each time you log in.
The term ‘Phishing’ relates to an action where fraudsters send you electronic emails or texts which look like they come from an official source, often from a payment institution (banks, PayPal etc.), asking for personal and security information. They are looking for you to divulge enough information for them to use to either take payments directly from your accounts or use information you give them to pay for items online.
Refers to scams that involve running malicious software on users' PCs. Malware can be introduced as an email attachment, as a downloadable file from a web site, or by exploiting known security vulnerabilities--a particular issue for small and medium businesses (SMBs) who are not always able to keep their software applications up to date
In this type of attack, individuals or companies are being targeted. Gathering personal information about the victims from various mediums such as social media websites, attackers pose themselves as someone you are familiar with. This makes the victim less vigilant and takes action without giving much consideration.
This type of phishing attacks happens when a legitimate and previously delivered email is taken and used to create an identical email with malicious content. The email appears to come from the original sender and claims to be a resend or updated version to the original email.
For your personal online security we refer you to the guidance provided by Get Online Safe:
https://www.getsafeonline.org/
Emails are an insecure method of transferring information across the Internet. You should limit the information you send by email and not detail any confidential personal data in your emails to us.
We recommend the following:
Alliance Finance Bank is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank or building society is unable to meet its financial obligations.
Your eligible deposits with Alliance Finance Bank plc are protected up to a total of $85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Consolidated deposits you hold with us above the limit are unlikely to be covered.
For further information please click here for a guide to the Financial Services Compensation Scheme or visit www.fscs.org.uk
Before we can open an account for you we have a responsibility to verify your identity when you are opening a savings account.
This is required under regulations for the prevention of financial crime and money laundering.
We use an electronic verification system, and if this is successful, that's all we need to do. However, in certain cases (for example if you are not listed on the electoral roll or you have recently moved to a new house) we may need additional proof of identity.
We may not be able to proceed with the new savings account application unless suitable proof of name and address is provided.
If we are not able to identify you using the electronic verification system, you will need to provide documentation to prove your identity and your address.
The documents (one from List A and one from List B) you can use to do that are listed here.
Copies or details of Proof of Identity will be retained by the bank.
For tasks that do not fall within the normal scope of operating your account, we may make a small charge.
Details of these charges are shown below.
Request | Cost |
---|---|
Same day CHAPS payment | $20.00 |
Data protection subject access request | $10.00 |
For tasks that do not fall within the normal scope of operating your account, we may make a small charge. Details of these charges are shown below.
Request | Cost |
---|---|
Same Day CHAPS Payment | $20.00 |
Data Protection Subject Access Request | $10.00 |
Alliance Finance Bank Plc will never send a private individual unsolicited correspondence, asking a private individual to make payments or provide personal details.
We are aware that scams are being operated by fraudsters pretending to represent Alliance Finance Bank (formerly FIBI Bank (UK) plc/Tungsten Bank) or customers of the bank. The fraudster target typically receives communications requesting the payment of fees for one or more services and the techniques may include:
a.“The beneficiary of an account at the bank wants to transfer an account or funds to the target and administration fees are required to be paid before release of the funds”; or
b. The target is “offered account facilities or savings accounts and fees are required to be paid to the bank in order to facilitate the opening of the account.”
If you are not an existing customer of Alliance Finance Bank, you should ignore any unsolicited correspondence from any party purporting to represent Tungsten Bank, FIBI Bank (UK) or a customer of any of these banks.
If you have received any correspondence from any party purporting to represent Tungsten Bank or FIBI Bank (UK) or a customer of either bank and in particular if you have been told that funds in an account are to be transferred to you:
Many banks use two factor authentication to obtain stronger evidence of who you are than simply using passwords. Two factors are ‘something you know’ (typically your user name and password) and ‘something you have’ which is either your bank card with a card reader. The code generated is personal to you, and different each time you log in.
The term ‘Phishing’ relates to an action where fraudsters send you electronic emails or texts which look like they come from an official source, often from a payment institution (banks, PayPal etc.), asking for personal and security information. They are looking for you to divulge enough information for them to use to either take payments directly from your accounts or use information you give them to pay for items online.
Refers to scams that involve running malicious software on users' PCs. Malware can be introduced as an email attachment, as a downloadable file from a web site, or by exploiting known security vulnerabilities--a particular issue for small and medium businesses (SMBs) who are not always able to keep their software applications up to date
In this type of attack, individuals or companies are being targeted. Gathering personal information about the victims from various mediums such as social media websites, attackers pose themselves as someone you are familiar with. This makes the victim less vigilant and takes action without giving much consideration.
This type of phishing attacks happens when a legitimate and previously delivered email is taken and used to create an identical email with malicious content. The email appears to come from the original sender and claims to be a resend or updated version to the original email.
For your personal online security we refer you to the guidance provided by Get Online Safe:
https://www.getsafeonline.org/
Emails are an insecure method of transferring information across the Internet. You should limit the information you send by email and not detail any confidential personal data in your emails to us.
We recommend the following:
Die Alliance Finance Bank Plc sendet Privatpersonen unter keinen Umständen unaufgefordert Mitteilungen, in denen sie zu Zahlungen oder zur Angabe personenbezogener Informationen auffordert.
Uns ist bekannt, dass Phishing-Mails und Spam im Umlauf sind, in denen in betrügerischer Absicht behauptet wird, dass die Nachrichten von der Alliance Finance Bank (ehemals FIBI Bank (UK) Plc/Tungsten Bank) oder Kunden der Bank gesendet wurden. In der Regel erhalten die Empfänger solcher betrügerischer Korrespondenz Nachrichten, in denen zur Zahlung von Gebühren oder zu Zahlungen für angebliche Dienstleistungen aufgefordert wird. Hierfür werden folgende Methoden eingesetzt:
Wenn Sie kein Kunde der Alliance Finance Bank sind, ignorieren Sie bitte jede ungebetene Korrespondenz, in der behauptet wird, dass sie von der Tungsten Bank, FIBI Bank (VK) oder einem Kunden dieser Banken gesendet wurde.
Wenn Sie Nachrichten von beliebigen Absendern erhalten, die behaupten, die Tungsten Bank oder FIBI Bank (VK) oder einen Kunden dieser Banken zu vertreten, und insbesondere wenn Ihnen darin mitgeteilt wird, dass Gelder von einem anderen Konto an Sie überwiesen werden sollen:
Einlagen sind durch den Einlagensicherungsfonds Großbritanniens (Financial Services Compensation Scheme, FSCS – FSCS http://www.fscs.org.uk/) im Gegenwert von 85.000 GBP abgesichert. Dies entspricht ca. 100.000 EUR (Stand 06.03.2017).
Alle Mitgliedstaaten des Europäischen Wirtschaftsraums haben sich darauf verständigt, Sparer besser zu schützen, und daher die Mindestanforderungen an die nationalen Einlagensicherungen harmonisiert (Richtlinien 94/19/EG, 2009/14/EG und 2014/49/EU). Darunter sind die Modalitäten der Auszahlung, der Zeitraum der Auszahlung und weitere wichtige Eckpunkte europaweit einheitlich auf hohem Standard geregelt.
Die Raisin GmbH (nachfolgend „Raisin“) bietet Interessenten die Möglichkeit, sich zu registrieren und an der Internet-Plattform für Einlagenprodukte unter www.weltsparen.de (nachfolgend „Plattform“) teilzunehmen (nachfolgend „Produkt WeltSparen“). Die Plattform bietet Kunden Zugang zu Einlagenangeboten (wie z.B. Fest- oder Tagesgelder) von Unternehmen aus dem Europäischen Wirtschaftsraum, die über eine entsprechende Erlaubnis verfügen (nachfolgend „Partnerbank“ oder „Partnerbanken“). Raisin stellt auf der Plattform Angebote von Partnerbanken dar und erbringt technische Dienstleistungen im Zusammenhang mit dem Abschluss des Einlagenprodukts zwischen dem Kunden und der Partnerbank. Raisin ist weder Kreditinstitut oder Finanzdienstleistungsinstitut nach dem Kreditwesengesetz (KWG), noch Zahlungsdienstleister oder Zahlungsdienst nach dem Zahlungsdiensteaufsichtsgesetz (ZAG).
Raisin kooperiert mit der MHB-Bank AG (nachfolgend „MHB-Bank“), bei der das Girokonto des Kunden (nachfolgend „WeltSpar-Konto“) geführt wird. Das WeltSpar-Konto dient als Verrechnungskonto für Zahlungsaufträge zwischen einem Referenzkonto (üblicherweise das Hausbankkonto des Kunden) und dem jeweiligen Konto einer Partnerbank. Raisin und MHB-Bank unterstützen den Kunden beim Abschluss des Einlagenvertrags und der Kommunikation mit der jeweiligen Partnerbank.
Nach der Registrierung und Eröffnung des WeltSpar-Kontos (inklusive Identifikation) erhält der Kunde seine Zugangsdaten für die Plattform und das Onlinebanking. Die MHB-Bank überweist den gewünschten Anlagebetrag auf das Einlagenkonto des Kunden bei der Partnerbank bzw. (je nach Partnerbank), auf ein bei der Partnerbank geführtes Konto. Über das Onlinebanking kann der Kunde abhängig von den Konditionen des jeweiligen genutzten Angebots Prolongationen, vorzeitige Kündigungen sowie sowie andere Transaktionen im Zusammenhang mit seinem Angebot in Auftrag geben und Nachrichten der Partnerbanken (z.B. Kontoauszüge) empfangen.
In der elektronischen Postbox des Onlinebankings wird für jeden Kunden individuell und nachvollziehbar die Korrespondenz (z.B. Verträge, Kontoauszüge) von Raisin, MHB-Bank und Partnerbanken hinterlegt. Darüber hinaus steht zur Unterstützung des Kunden und Beantwortung von Fragen ein deutschsprachiger Kundenservice zur Verfügung.
Zur Nutzung des Produkts WeltSparen schließt der Kunde folgende separate Verträge ab:
Diese Allgemeinen Geschäftsbedingungen gelten für die gesamte Geschäftsverbindung zwischen dem Kunden und Raisin. Das Angebot von Raisin richtet sich ausschließlich an Privatkunden (natürliche Personen). Gemäß dem Foreign Account Tax Compliance Act (FATCA) sind US-Staatsbürger und Inhaber einer Greencard vom Angebot ausgeschlossen.
Der Vertrag zwischen dem Kunden und Raisin kommt online mit erfolgreichem Abschluss der Registrierung zustande.
Raisin strebt hohe technologische Standards an, weist jedoch darauf hin, dass bei der genutzten Technologie (Hard- und Software) Fehler, die zu Schäden führen können, nicht auszuschließen sind. Insbesondere wird eine durchgehende Erreichbarkeit der Plattform weder geschuldet noch garantiert.
Diese Allgemeinen Geschäftsbedingungen können bei Vorliegen eines berechtigten Interesses von Raisin jederzeit geändert und an die neuen Umstände angepasst werden. Ein berechtigtes Interesse liegt insbesondere vor im Falle einer Änderung der Gesetzeslage oder höchstrichterlichen Rechtsprechung, der Marktgegebenheiten, einer Währungsumstellung oder ähnlicher Ereignisse. Eine Änderung wird allen Kunden zwei (2) Monaten vor Inkrafttreten der Änderung postalisch, per E-Mail oder in der Postbox ausdrücklich mitgeteilt werden. Sofern der Kunde der Änderung innerhalb von 2 (zwei) Monaten widerspricht, gelten die AGB in der bisherigen Form weiter. Die AGB gelten in der geänderten Fassung als vereinbart, wenn der Kunde nicht innerhalb dieser Frist widerspricht oder kündigt, oder nach Inkrafttreten der Änderung die Dienste/Leistungen von Raisin weiter nutzt. Raisin verpflichtet sich, den Kunden bei Beginn der Frist auf sein Widerspruchsrecht und die Folgen weiterer Nutzung der Dienste/Leistungen in der Mitteilung über die Änderung der AGB Zustimmung des Kunden oder bei Bestehen einer gesetzlichen Verpflichtung weitergeben. Das Widerrufsverlangen oder sonstige Anliegen zum Datenschutz sind zu richten an: Raisin GmbH, Immanuelkirchstraße 14a, 10405 Berlin; E-Mail-Adresse: kundenservice@weltsparen.de.
Alliance Finance Savings Service is the internet banking service provided by us that enables you to service your Savings account on-line. If you wish to use our Alliance Finance Savings Service, you will have the functionality to:
You can apply online and subject to you being eligible and us being able to verify your identity electronically, we will normally be able to set your account up immediately.
You can also apply for further accounts via the ‘Apply Online’ section of the site. By making an application in this way, the amount of information you have to provide will be significantly less than completing a full new application.
You will be able to view all your accounts within the Alliance Finance Savings Service by logging in using your User ID.
A secure message is an email system that only works within your secure Alliance Finance Savings Service. This means that messages sent by you to us, and messages that we send back to you are only viewable within your Alliance Finance Savings Service. Information about your accounts is therefore sent and received securely as it can only be viewed once you have successfully logged into your Alliance Finance Savings Service.
Your password is set up by you and known only to you. It is created by you, during the application process when you open your first account and is used along with your User ID to access your Alliance Finance Savings Service. We will never ask you for details relating to your password.
PLEASE ENSURE YOU KEEP YOUR PASSWORD SECRET AND TAKE CARE WHEN ENTERING PASSWORDS, ESPECIALLY WHEN USING A PUBLIC OR SHARED COMPUTER. PLEASE TELL US IMMEDIATELY IF YOU KNOW SOMEONE ELSE KNOWS (OR IF YOU SUSPECT SOMEONE ELSE KNOWS) YOUR PASSWORD OR USER ID Alliance Finance SAVINGS SERVICE FAQs
Simply click on the password re-set button on the login page and follow the instructions. You will be required to enter your User ID and the answers to a few security questions and you will normally be able to re-set your password instantly.
Login to Alliance Finance Savings Service and click on the ‘My Details’ link in the top right-hand corner of the page. Click on the tab called ‘Change Password’ and follow the on-screen instructions.
If you require your User ID to be re-set you will need to contact us on 0345 600 0011 (Monday to Friday, 9am to 5:00pm, excluding English bank holidays)
You can operate your account in the following ways:
You can make deposits by electronic payments (Faster Payments, BACS, and CHAPS). Contact your bank or building society and provide the following details:
Subject to the terms outlined in your key product information you can make a deposit into your account at any time until the product is withdrawn.
You can check whether a product has been withdrawn by visiting the ‘Withdrawn Products’ section of our website. We will not normally notify you when a product is withdrawn.
Payments received before 1pm on a working day will appear on your statement and start to earn interest on that day. Payments received after 1pm or on a non-working day will not appear on your statement until the following working day, but will earn interest from the date of receipt.
The ability to make withdrawals depends on the type of account you hold which will be detailed in the key product information.
If you change your mind and wish to cancel your account, you can do so within the first 14 calendar days from the date the account was opened and funded.
You can notify us of your cancellation by writing to us at our address or by sending us a secure message.
Your account is designed to be operated online to provide you with a simple and straightforward way to view and manage your savings.
We also offer additional support to access your account by contacting our dedicated customer servicing team which can be reached on 0345 600 0011 (Monday to Friday, 9am to 5:00pm, excluding English bank holidays).
You can view your statement on-line. You can also save and print copies of your statements at any time.
Interest statements are normally made available within 4 weeks of the end of the tax year on the following basis:
If your account is registered for Alliance Finance Savings Service, a tax certificate will be made available in your eDocuments store where it can be viewed, saved to your computer and printed.
Simply login to Alliance Finance Savings Service, where you will able see the interest rate applicable to the product you have chosen.
Simply login to Alliance Finance Savings Service, where you will be able to make changes or find out how to make changes to your account.
This is the bank account (US bank account) you nominate as the account to transfer funds to and from your Alliance Finance Bank savings account.
To change your nominated bank account simply login to the Alliance Finance Savings Service and select change details.
Yes, you can. A Power of Attorney can either be set up on an existing account or as part of a new application.
To open an account, you must submit the following documentation:
To register a Power of Attorney on an existing account, you must submit the following documentation:
You must make the initial deposit from the nominated bank account (within 14 days of your application). Please note we do not accept cheques.
What do we accept?
We will accept a Lasting Power of Attorney (POA) and an Enduring Power of Attorney as well as a Court of Protection/Receivership Order. We do not accept General Power of Attorneys
We are unable to open a POA account if
Either the Donor or Attorney does not meet the standard account opening requirements, i.e. under 18, non-US resident.
Please click here.
Alliance Finance Bank is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank or building society is unable to meet its financial obligations.
Your eligible deposits with Alliance Finance Bank plc are protected up to a total of $85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Consolidated deposits you hold with us above the limit are unlikely to be covered.
For further information, please click here for a guide to the Financial Services Compensation Scheme or visit www.fscs.org.uk.
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