Withdrawals are not permitted before the account reaches maturity and once the bond hits one year, money will be transferred into an easy-access account unless instructed otherwise.
The account must be opened online, after which it can be managed by the app as well.
Gatehouse Banks’ 18-month, two, three, four and five year fixed term woodland savers each offer market-leading expected profit rates ranging from 4.6 percent to 5.10 percent, with its 18-month deal making MoneyFacts pick of the week.
