diff --git a/redbot/core/bank.py b/redbot/core/bank.py
index 0d8f41330..f816c012a 100644
--- a/redbot/core/bank.py
+++ b/redbot/core/bank.py
@@ -75,6 +75,9 @@ log = logging.getLogger("red.core.bank")
 
 _data_deletion_lock = asyncio.Lock()
 
+_cache_is_global = None
+_cache = {"bank_name": None, "currency": None, "default_balance": None, "max_balance": None}
+
 
 async def _init():
     global _config
@@ -642,7 +645,12 @@ async def is_global() -> bool:
         :code:`True` if the bank is global, otherwise :code:`False`.
 
     """
-    return await _config.is_global()
+    global _cache_is_global
+
+    if _cache_is_global is None:
+        _cache_is_global = await _config.is_global()
+
+    return _cache_is_global
 
 
 async def set_global(global_: bool) -> bool:
@@ -671,12 +679,15 @@ async def set_global(global_: bool) -> bool:
     if (await is_global()) is global_:
         return global_
 
+    global _cache_is_global
+
     if await is_global():
         await _config.clear_all_users()
     else:
         await _config.clear_all_members()
 
     await _config.is_global.set(global_)
+    _cache_is_global = global_
     return global_
 
 
@@ -701,7 +712,10 @@ async def get_bank_name(guild: discord.Guild = None) -> str:
 
     """
     if await is_global():
-        return await _config.bank_name()
+        global _cache
+        if _cache["bank_name"] is None:
+            _cache["bank_name"] = await _config.bank_name()
+        return _cache["bank_name"]
     elif guild is not None:
         return await _config.guild(guild).bank_name()
     else:
@@ -732,6 +746,8 @@ async def set_bank_name(name: str, guild: discord.Guild = None) -> str:
     """
     if await is_global():
         await _config.bank_name.set(name)
+        global _cache
+        _cache["bank_name"] = name
     elif guild is not None:
         await _config.guild(guild).bank_name.set(name)
     else:
@@ -760,7 +776,10 @@ async def get_currency_name(guild: discord.Guild = None) -> str:
 
     """
     if await is_global():
-        return await _config.currency()
+        global _cache
+        if _cache["currency"] is None:
+            _cache["currency"] = await _config.currency()
+        return _cache["currency"]
     elif guild is not None:
         return await _config.guild(guild).currency()
     else:
@@ -791,6 +810,8 @@ async def set_currency_name(name: str, guild: discord.Guild = None) -> str:
     """
     if await is_global():
         await _config.currency.set(name)
+        global _cache
+        _cache["currency"] = name
     elif guild is not None:
         await _config.guild(guild).currency.set(name)
     else:
@@ -821,7 +842,9 @@ async def get_max_balance(guild: discord.Guild = None) -> int:
 
     """
     if await is_global():
-        return await _config.max_balance()
+        if _cache["max_balance"] is None:
+            _cache["max_balance"] = await _config.max_balance()
+        return _cache["max_balance"]
     elif guild is not None:
         return await _config.guild(guild).max_balance()
     else:
@@ -865,6 +888,8 @@ async def set_max_balance(amount: int, guild: discord.Guild = None) -> int:
 
     if await is_global():
         await _config.max_balance.set(amount)
+        global _cache
+        _cache["max_balance"] = amount
     elif guild is not None:
         await _config.guild(guild).max_balance.set(amount)
     else:
@@ -895,7 +920,9 @@ async def get_default_balance(guild: discord.Guild = None) -> int:
 
     """
     if await is_global():
-        return await _config.default_balance()
+        if _cache["default_balance"] is None:
+            _cache["default_balance"] = await _config.default_balance()
+        return _cache["default_balance"]
     elif guild is not None:
         return await _config.guild(guild).default_balance()
     else:
@@ -941,6 +968,8 @@ async def set_default_balance(amount: int, guild: discord.Guild = None) -> int:
 
     if await is_global():
         await _config.default_balance.set(amount)
+        global _cache
+        _cache["default_balance"] = amount
     elif guild is not None:
         await _config.guild(guild).default_balance.set(amount)
     else: