General info
Our agreement
Banking with Finny Finance is straightforward, so we give you information when it’s relevant to you. At this point, our contract with you consists of our:
these Easy Saver T&Cs; and
a product specific Summary Box, based on the account you open
Please ensure you read them, so you understand the terms of our agreement with you. If there’s any conflicting information, these Easy Saver T&Cs take priority. These T&Cs detail the agreement between you and Finny Finance (‘we’/ ‘us’) when you have an Easy Saver account with us.
Each condition of these T&Cs operates separately. If any court or competent authority decides that any of them are unlawful or unenforceable, the other conditions will remain in full force and effect.
Eligibility
You must be at least 18 years old to open an Easy Saver account.
Alternative format
Please let us know if you need these T&Cs supplied in another format, or if we can help you to use our service in any other way. Get in touch with us via the Help & Support live chat or email us at help@finnyfin.com.
Your data
Take a look at our Privacy Policy for more information about how we protect your data.
Your account
Opening an Easy Saver
Once you open https://finnyfin.com/, click on “Apply Now,” fill out the form accurately to create your account, and verify your identity.
Account holders
Currently, you can only open an Easy Saver as a sole account (just you). They are also limited to one per customer.
If you need someone else to operate your Easy Saver, we may be able to register a Power of Attorney (POA) for it. If we do this, your Attorney will be able to access information about your account. In some circumstances, we may restrict what you’re able to do.
For security reasons, POA administration of an account is managed via our Customer Support team.
At your request, we may be able to add a named third party to your account(s) to support you by providing account information to the named third party. Please note the named third party will not be able to take any actions in relation to any of your account(s).
Interest
You will earn interest on the money in your Easy Saver from the day you pay it into the account. We calculate interest on your balance daily. We will pay interest at the rate stated in your Easy Saver Summary Box (based on the number of actual days in the relevant period and a year of 365 days).
We pay all interest gross, in line with the Personal Savings Allowance (PSA).
We will add interest to your Easy Saver account monthly on the day of the month you open the account. For example, if you open the account on the 16th, we will pay your interest on the 16th every month.
If you open your account on the 29th, 30th or 31st, and that date doesn’t appear in a subsequent month, we will pay your interest on the last day of the month.
Changes to your rate
Your Easy Saver has a variable interest rate. This means it may change from time to time, for any of the following reasons:
if the underlying rate changes;
where a change is needed to maintain our financial strength in the interests of all our customers; or
if there are significant changes in the economic environment, and changing variable rates is necessary to address the risks to our business that arise as a result.
When a variable rate changes, it will affect the interest you earn. If your rate is going up, we’ll make the change as soon as possible and let you know once we’ve done it. If your rate is going down, we’ll give you at least 14 days’ notice and confirm the impact of the change on the interest you’ll earn.
Charges
There are no charges applied to your Easy Saver account. However, taxes or other financial regulations may apply depending on the transaction history and the source of the funds being sent.
Statements
You can access your account and check your balance at any time. You’ll also receive monthly and annual statements for your Easy Saver.
If you need a statement for a specific reason, contact us via the Help & Support live chat or email us at help@finnyfin.com.
Closing an Easy Saver
Your Easy Saver does not have an end date, so you can close your account at any time.
If you inform us that you want to close your account, we’ll add any outstanding interest to your balance. You can then transfer all your funds and close the account immediately—unless there’s a legal restriction, regulatory hold, ongoing investigation related to fraud, money laundering, or other financial compliance matters. In such cases, you may be temporarily unable to close your account until these issues are resolved.
In some circumstances, we have a right to terminate our agreement immediately (see ‘Our right to terminate’ in our General T&Cs).
You’re responsible for using a compatible device and operating system for as long as you have an Easy Saver with us. If you refuse to meet this requirement, we may close your account immediately and transfer the balance and any interest due to your connected account.
If we need to close your account for any other reason (e.g. if we withdraw our Easy Saver from the market), we’ll give you two months’ notice, then transfer your balance and any interest due out of your account and close it.
Balance limits
The total funds held across your Easy Savings accounts must not exceed our Maximum Balance Limit, which is currently £200,000. You may hold up to £100,000 in Fixed Saver accounts and up to £100,000 in easy access accounts (including Easy Saver and Holding Accounts). We do not permit any breaches of this limit under any circumstances, as it helps us comply with regulatory requirements and ensures the safety and proper management of your funds.
If you exceed your Maximum Balance Limit, we will restrict or temporarily lock your account and require you to upgrade to an account with a higher limit. Once the upgrade is complete, you may choose to have only the excess funds returned or transfer your entire balance to the new account—depending on your preference. This process ensures compliance with regulatory standards and helps us maintain the integrity of your account.
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The legal stuff
Changes to these T&Cs
We’ll give you 30 days’ notice to consider any changes to these T&Cs, unless they’re to your advantage, when we’ll make them straight away.
In some circumstances, we may be required by regulation to give you more or less notice. In these cases, we’ll tell you how much time you have to review the changes.
You can object to the changes before they take effect, and, depending on the circumstances, you may be able to close an impacted account. Otherwise, you’ll be deemed to have accepted the changes from the date they take effect.
We’ll only make changes to these T&Cs to:
reflect developments in our or proposition (including our products / services);
respond proportionately to changes in the law or decisions of the Financial Ombudsman Service;
meet regulatory requirements;
reflect new industry guidance or codes of practice which raise standards of consumer protection;
proportionately reflect other legitimate cost increases or reductions associated with providing the particular product or service you use;
ensure we are being fair to all our customers; and/or
respond to changes in general banking practice for the benefit of all consumers.
We’ll only do this if we reasonably expect to be affected by one of the above reasons.
Compensation
Finny Finance is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to savers if a bank is unable to meet its financial obligations. Most savers — including individuals and small businesses — are covered by the scheme.
An eligible saver is entitled to claim up to £85,000. For joint accounts, each account holder can claim up to £85,000 (a total of £170,000 where there are two account holders). The £85,000 covers all the funds held in the eligible customer’s accounts with the bank, including their share of any joint accounts, and not to each separate account.
For more information about the FSCS (including amounts covered and eligibility to claim) visit FSCS website.
Applicable law
These T&Cs are governed by the laws of England and Wales and if there’s any disagreement about them, or between us about your account, we each agree that this’ll be dealt with by the Courts of England and Wales.
Easy Saver T&Cs_v2.2. Effective from 07/04/2025.