ILR Cash Savings

Hello all,

I am coming up on applying for my ILR and will be using cash savings to qualify. I have done this for all of my applications so I'm familiar with the process. However, this time I thought it would be a good idea to put the money in a bank account with a higher interest rate - well this turned out to be a BAD idea, as I didn't realise US citizens are not qualified for the high interest account through Revolut and I had to cancel the account. Essentially this lost me a month (which will change Christmas plans) OR I attempt to apply with statements from two different bank accounts. The first month with the money in the Revolut account, and the remaining 5 in our normal Barclays account. Not to mention Revolut doesn't do posted statements, so it will be a print out, which I know people have had issues with in the past. Any thoughts or anyone who has had a similar experience?

We have always had the savings amount, it just hasn't been in the same bank account for 6 months straight. I'm going to buffer all of this with savings my partner has in an ISA and that I have in my US account and some US stocks, but not sure if that's overcomplicated things.

Additionally, just to confirm because I have read the chart on the UK gov website about a million times and still don't feel completely positive, it is £40,500 for cash savings in the ILR stage, correct? Compared to the higher cash savings for the other applications?

Thanks so much!

Additionally, just to confirm because I have read the chart on the UK gov website about a million times and still don't feel completely positive, it is £40,500 for cash savings in the ILR stage, correct? Compared to the higher cash savings for the other applications?

Thanks so much!

The cash savings requirement for ILR is actually lower than that: It’s only £34,600.

Unfortunately the chart on the UKVI website calculates everything backwards and so it’s hard to read correctly.

The savings needed are calculated as:
- The first £16,000 does not count
- Then you need just 1 year’s worth of the £18,600 income requirement (instead of the usual 2.5 years’ worth)

£16,000 + £18,600 = £34,600


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Hello all,

I am coming up on applying for my ILR and will be using cash savings to qualify. I have done this for all of my applications so I'm familiar with the process. However, this time I thought it would be a good idea to put the money in a bank account with a higher interest rate - well this turned out to be a BAD idea, as I didn't realise US citizens are not qualified for the high interest account through Revolut and I had to cancel the account. Essentially this lost me a month (which will change Christmas plans) OR I attempt to apply with statements from two different bank accounts. The first month with the money in the Revolut account, and the remaining 5 in our normal Barclays account. Not to mention Revolut doesn't do posted statements, so it will be a print out, which I know people have had issues with in the past. Any thoughts or anyone who has had a similar experience?

We have always had the savings amount, it just hasn't been in the same bank account for 6 months straight. I'm going to buffer all of this with savings my partner has in an ISA and that I have in my US account and some US stocks, but not sure if that's overcomplicated things.

Additionally, just to confirm because I have read the chart on the UK gov website about a million times and still don't feel completely positive, it is £40,500 for cash savings in the ILR stage, correct? Compared to the higher cash savings for the other applications?

Thanks so much!

For ILR you need 18.6k+16k= 34,600

The savings don't need to have been in the same account for 6 months straight but there must be no gaps so if you can't show , on paper, the money going immediately from one account to another, it won't work.
You do need original postal statement/stamped statement/letter. I'm not exactly clear on your situation but it would be much cleaner just to wait until it's been in Barclays for a full 6 months.
You don't need more than the required amount so don't go adding accounts which will just complicate the situation.

Thank you so much for your help @larrabee and @ksand24. I really appreciate the advice! After reading through the handbook again, it looks like we can use my husband's stocks and shares ISA, we were under the impression that we couldn't use that account and this new information simplifies things! Thanks again.