Frequently Asked Questions
Am I eligible for a deposit account?
Our accounts are available to individuals, aged 18 years or over, who are resident in the UK. Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.
Do you accept Cheques?
No, sorry we do not accept cheques for this product.
How do you verify my personal details?
We verify your personal details, including identity, address and bank account information through an online system immediately after you submit your application.
In some cases, we may need additional identification in order to be able to proceed with your application such as a passport.
How much can I deposit and how many accounts can I open?
You are able to apply for an unlimited number of accounts with Zenith Bank (UK). Deposits must meet the criteria for the product you have selected.
Do you offer the ability to apply as a joint account holder?
Yes, up to 2 people can apply for a single product.
How to apply
To qualify for our accounts, you must be aged 18 or over and resident in the UK for tax purposes, with a permanent UK address.
If all of these statements are correct, you’re able to apply for our accounts.
Fixed Term Deposits from Zenith Bank (UK) Ltd
- Guaranteed rate of interest for full term of product
- Minimum deposit of £1,000
- Maximum deposit of £2,000,000
- Interest payable: yearly
- Early withdrawal or closure not normally permitted
- Available as sole or joint accounts
- Up to £85,000 per depositor is protected by FSCS
- Must be UK resident and 18 years of age or older
- Must have an account with an existing UK bank or building society
Gross Contractual Rate of interest payable before the deduction of any income tax.AER Annual Equivalent Rate and Illustrates what the interest would be if interest was paid and compounded each year.