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Bank Accounts Latest News List of banks by Institution - how to protect your money
Bank Accounts Latest News List of banks by Institution - how to protect your money List of banks by Institution - how to protect your money
A list of banks all offering compensation schemes to help you keep your money safe
All UK deposits are covered by the Financial Services Compensation Scheme (FSCS), unless the banks country of origin offers a higher level of compensation than that offered by the UK scheme, in which case an FSCS membership is not permitted.The FSCS is set up by financial bodies and regulated by the Financial Services Authority (FSA). This scheme guarantees that savers will get some of their money back in the event of a bank collapsing.
It is important to remember that many of the banks you may think are UK owned, are infact owned by other countries, and may run a separate compensation scheme with different levels of compensation, so you must check out the level of protection before investing large deposits with any bank. For example, ING Direct is owned by the Netherlands, which is covered by a scheme that offers protection on the first €100,000 on its accounts, while the Bank of Cyprus will only protect the first €20,000.
However, non-uk banks offering separate compensation schemes are generally backed by the UK's FSCS, so the remainder of the amount up to £85,000 (if applicable) would be covered.
This means that if the Bank of Cyprus were to fail, UK customers could claim from the Central Bank of Cyprus Deposit Protection Scheme for up to 90% of their deposit to a maximum of €20,000. The remainder of their deposit up to £85,000 could then be claimed from the UK's FSCS. Neither scheme is responsible for covering any shortfall in the other scheme.
Independent Banks:
The banks listed in the table below each count as individual institutions as far as compensation goes, therefore offering the full level of compensation provided by their scheme, so if your cash is spread across multiple bank accounts shown in the table, you can effectively protect all of your savings.
|
AK Bank (Passport) |
Allied Irish |
Anglo Irish (Passport) |
|
Bank of Cyprus (Passport) |
Buckinghamshire BS |
Cambridge BS |
|
Cater Allen |
Chesham BS |
Citibank |
|
Close Brothers |
Coutts |
Coventry BS |
|
Credit Unions (all separate) |
Cumberland BS |
Dunbar Bank |
|
Ecology BS |
Egg |
First Trust |
|
Firstsave |
Furness BS |
Hanley BS |
|
Harpenden BS |
Hinkley and Rugby BS |
ICICI |
|
Investec |
Ipswich BS |
Julian Hodge Bank |
|
Kent Reliance BS |
Leeds BS |
Leek BS |
|
Liverpool Victoria |
London Scottish Bank |
Loughborough BS |
|
Manchester BS |
Mansfield BS |
Market Harborough BS |
|
Marsden BS |
Melton Mowbray BS |
Monmouthshire BS |
|
Norwich & Peterborough BS |
National Counties BS |
Natwest (separate to RBS) |
|
Newbury BS |
Northern Bank |
Nottingham BS |
|
Principality BS |
Progressive BS |
Raphael Bank |
|
Saffron BS |
Sainsburys |
Scottish BS |
|
Scottish Widows |
Stroud & Swindon BS |
Teachers BS |
|
Tesco Personal Finance |
Triodos (Passport) |
Ulster Bank |
|
United Trust |
West Bromwich |
Whiteaway Laidlaw |
Passport Scheme Banks marked 'Passport Scheme' offer different levels of protection as they are European-owned. For more on this see the Non-UK Compensation Schemes section below.
The table below shows which banks/building societies fall under the same institution. The banks are also numbered 1-15 to aid colour blind readers. If you have multiple savings accounts that fall within the same colour/number, you will only be covered for up to the level of compensation offered for all accounts. You can still hold multiple accounts with different colours, the key is to mix them, spreading your money across several savings accounts.
|
Direct Line - 1 |
Royal Bank of Scotland - 1 |
Virgin Money - 1 |
|
Barclays - 2 |
Woolwich - 2 |
Standard Life - 2 |
|
The Co-op - 3 |
Britannia BS - 3 |
Smile - 3 |
|
AA - 4 |
Bank of Scotland - 4 |
Birmingham Midshires - 4 |
|
Halifax - 4 |
Intelligent Finance - 4 |
Saga - 4 |
|
Abbey - 5 |
Bradford & Bingley -5 |
Asda - 5 |
|
Cahoot - 5 |
Alliance & Leicester-5 |
Santander - 5 |
|
Kaupthing Edge – 6 (Passport) |
ING Direct – 6 (Passport) |
Heritable Bank - 6 |
|
Yorkshire BS - 7 |
Barnsley BS - 7 |
Chelsea BS - 7 |
|
Skipton BS - 8 |
Scarborough BS - 8 |
Capital One/Castle Money - 8 |
|
Nationwide - 9 |
Cheshire BS - 9 |
Derbyshire BS - 9 |
|
Dunfermline BS - 9 |
|
|
|
Aldermore - 10 |
Ruffler Bank - 10 |
|
|
BMW Savings - 11 |
Newcastle BS - 11 |
|
|
Cheltenham & Gloucester - 12 |
Lloyds TSB - 12 |
|
|
Clydesdale Bank - 13 |
Yorkshire Bank - 13 |
|
|
Bank of Ireland-14 (Passport) |
Post Office-14 (Passport) |
|
|
First Direct - 15 |
HSBC - 15 |
|
HBOS and Lloyds
on 19 January 2009, Lloyds TSB Group plc was renamed as Lloyds Banking Group, after the acquisition of HBOS plc. The FSCS licences will remain the same, so are still treated as two are separate institutions, covering up to £85,000 across each.
However, you have to remember that the core parts of former HBOS (Halifax, Bank of Scotland, B'ham Midshires, Intelligent Finance, The AA and Saga) hold a single registration, so if you have multiple accounts across more than one of these providers, you will only be liable to receive £85,000 cover overall (£170,000 for joint accounts).
Non-UK compensation schemes
Below is a list of the level of compensation offered by non UK banks. These schemes work in much the same way as the UK schemes, whereby savers are only protected per institution. For example, accounts held across Abbey, Asda and Bradford & Bingley would only provide £85,000 compensation between them as they all fall under the Santander group.
|
Bank Name |
Level of compensation |
|
Abbey |
Covered by the UK's FSCS - £85,000 |
|
Alliance & Leicester |
Covered by the UK's FSCS - £85,000 |
|
Asda |
Covered by the UK's FSCS - £85,000 |
|
Bradford & Bingley |
Covered by the UK's FSCS - £85,000 |
|
Citibank |
Covered by the UK's FSCS - £85,000 |
|
Clydesdale Bank |
Covered by the UK's FSCS - £85,000 |
|
Egg |
Covered by the UK's FSCS - £85,000 |
|
Firstsave |
Covered by the UK's FSCS - £85,000 |
|
ICICI |
Covered by the UK's FSCS - £85,000 |
|
Yorkshire Bank |
Covered by the UK's FSCS - £85,000 |
|
Akbank |
€100,000 (Netherlands) |
|
Anglo-Irish Bank |
All deposits until September 2010 (Ireland) |
|
Bank of Cyprus |
€20,000 (Cyprus) |
|
Bank of Ireland |
All deposits until Sep 2010 (Ireland) |
|
ING Direct |
€100,000 (Netherlands) |
|
Kaupthing Edge - Now part of ING Direct |
€100,000 (Netherlands) |
|
Post Office |
All deposits until Sep 2010 (Ireland) |
|
Triodos Bank |
€100,000 (Netherlands) |
Disclaimer: This information was updated on the 09 September 2010. At Which4u we do our best to keep up with market changes, however the sheer pace of change in ownership of banks in the wake of the financial crisis means that our information in some cases may be slightly out of date. We therefore do not take any responsibility for this information being incorrect, but will continue to monitor the situation daily to make sure that this is avoided where possible.
Written by Sam Gooch
Thursday, 29 January 2009 00:00
Comments (9)
The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.
-
Richard Chmiel 2008-11-25 22:28:47Is Northen Roch protected 100% for new depositors on savings? Why? There are rumours that the bank is capitalised by the Government and has the 100% guarantee....
Regards -
David Wakefield 2008-12-11 10:27:22Northern Rock is now a nationalised bank which means it is backed by the government. This means that they will guarantee the full amount invested with them, rather than up to the £50,000 limit covered by most other UK banks.
-
keith beales 2009-01-10 14:06:36since 28 nov anglo irish is protected only by the irish government?
not as your table shows! -
Carole Murphy 2009-01-11 15:36:16Is Anglo Irish protected in the UK? I gather it has withdrawn from the Uk scheme as the compensation in Ireland is higher and the EU don't like it...? Should I take my money out? or top up the account?
-
Carole Murphy 2009-01-11 15:38:27This is a brilliant site, gathering all the up to date info on the relationships of all the financial institutions to each other. Thank you Which4U!
-
Sam @ Which4u 2009-01-12 11:15:13Keith - Anglo Irish is covered by the FSA and the Irish regulator. This means that if there was a problem retrieving your money from the bank, you would still be covered for upto £50,000 by the UK's FSA - Much like the recent activity around the Icelandic bank-Icesave
-
Peter @ Which4u 2009-01-12 14:36:37Under European law, banks which have a greater level of protection in their state of incorporation are not permitted to remain a member of the UK Scheme. Consequently, Anglo Irish Bank (offering €100,000 through The Irish Deposit Protection Scheme) ceased to be a member of the UK Scheme on 28 November 2008.
-
MM 2009-01-29 17:39:53Really useful charts but couldn't find Tesco Personal Finance, did you miss it off?
-
Sam @ Which4u 2009-01-30 09:13:39MM,
I've just added Tesco into the table.
Tesco Personal Finance is separately authorised under the FSCS and therefore hold an exclusive compensation scheme that is not affected by accounts held with any other bank or institution. All accounts held with Tesco are protected for deposits of up to £50,000 - £100,000 per joint account.
Top 5 Current Accounts
|
Provider |
Min Bal |
O/D Rate |
O/D Buffer |
Apply |
|
|---|---|---|---|---|---|
| View Full Table > | |||||
 |
|||||
|
0%
|
£1
|
No Offer
|
£100
|
||
 |
|||||
|
0.50%
|
£1
|
0%
for life
|
£200
|
||
 |
|||||
|
5%
|
£1
|
0%
for 12 mths
|
£5,000
|
||
 |
|||||
|
0%
|
£1
|
0%
N/A
|
No Offer
|
||
 |
|||||
|
0%
|
£1
|
No Offer
N/A
|
£100
|
||
Natwest Select
- Free day-to-day banking without subscription charges
- Overdraft available subject to eligibility, giving your finances some breathing space
- Chequebook available subject to eligibility; handy when cash or cards aren't convenient
- Monthly statements with all your transactions and your balance - by post or online. Or pick up a mini-statement from our cash machines
The Co-operative Current Account Plus
- ***You must deposit at least £800 per month***
- Interest on all balances tracks at 0.5% below the Bank of England Base Rate, guaranteed for the life of your Current Account.
- UK call centres open 24/7, 365 days a year
- Fee-free £200 overdraft facility
- Dedicated switching service
Santander Preferred Current Account
- Get up to £300 FREE if you are an existing Santander mortgage customer, who has or can deposit at least £10,000 in Santander savings and switch their main current account to Santander.
- Earn 5% AER on balances up to £2,500 for 12 months
- After 12 months you will earn 1.0% AER on any balance on the account
- 0% EAR on Overdrafts for the first 12 months (up to £5,000 depending on your circumstances), after this it will revert to 19.9%EAR
- Manage your day-to-day money for free with no monthly account fee, no transaction charges and no charges for using account facilities - as long as you remain in credit
- Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
- Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
- At least £1,000 a month must be credited to get 5% AER on balances up to £2,500
- If not switching earn 5% AER on balances up to £1,000 for 12 months if £1,000 is credited each month
Barclays Bank Account
- A carbon neutral debit card (subject to status).
- Online Banking – do your banking from home (subject to registration).
- Telephone Banking – pay bills and more (subject to registration).
- A network of over 1,700 branches.
- Draw on cheques paid in before they clear (subject to status and limit).
- An overdraft: 19.3% interest per annum (variable).
- Representative Example: Up to £5,000 19.3% interest p.a. (variable)
- Subject to status and application. So the amount offered may be different to that shown on the example. Overdrafts are repayable on demand.
- Barclays £2,500 Personal Reserve Option:
- - One Reserve Usage Fee of £22 for each five consecutive working day period from the day you start using your Reserve.
- - No interest payments on your Reserve balance.
- - Representative Example: 0% interest per annum (variable). Reserve Limit £2,500. One reserve usage fee of £22 for each five consecutive working day period from the day you start using your reserve. Personal reserve is subject to status and application and repayable on demand.
- - The Reserve is repayable on demand. The maximum Reserve is £2500, subject to status.
- - One Returned Transaction Fee of £8 for each returned transaction where you exceed your Reserve.
- - One Guaranteed Transaction Fee of £8 for each guaranteed payment made where you exceed your Reserve.
RBS Select
- Free everyday banking - no monthly subscription charges.
- No arrangement or renewal fees - on overdrafts up to £15,000. And pay no interest on agreed overdrafts of up to £100.
- Save on your mortgage - use your Interest Paying Current Account balance to save money with our Offset Service.
- Easy access to your money - your debit card gives you access to almost every cash machine in the UK. You can also pay for goods and services wherever you see the logo shown on your card.
- Online banking - manage your money 24 hours a day, 365 days a year with our telephone and internet banking services. (Except for short periods of essential maintenance.)
- Overseas money - get money in local currency at cash machines and buy goods wherever you see the logo shown on your card.
- Statements - monthly statements list all transactions and your current balance. You can also get mini-statements from any cash machine.
Natwest Advantage Gold
- Pay £12.50 per month and get the following benefits:
- Green Flag car breakdown cover - even on your driveway
- Mobile phone insurance – including all smartphones
- Annual worldwide travel insurance - Members and their partners aged 70 years and over must pay an additional annual premium of £50
- Travel benefits – discounts on holidays, flights and hotels
Nationwide Current Account
- VISA debit card with every account
- Free travel insurance: multi-trip European cover worth up to £70* (conditions apply)
- Manage your account online with an excellent internet banking service.
- Three-month interest-free overdraft when you switch to FlexAccount
- Free day to day banking
- Voted Best Overall Online Provider 2009 by Your Money
Card One Banking Guaranteed Bank Account
- CardOneBanking offers the following:
- Guaranteed Acceptance
- Sortcode & Account Number
- Have your salary deposited into this account
- Pay money in at any Post Office or high street branch
- Prepaid MasterCard card
- Create Standing Orders but you can not set up Direct Debits with this account.
- 24 hour account management by Phone, Text and Online Banking
- Dedicated Account Manager
- NO OPENING FEE
- NO OVERDRAFT FACILITY – No risk of going overdrawn
- NO EXTRA CHARGES – No charges for bounced standing orders
- NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
- YOU must be 18+ and UK resident
- £12.50 monthly management fee
Think Money Guaranteed Bank Account
- Think Banking offers the following:
- Guaranteed Acceptance
- Sortcode & Account Number
- Have your salary deposited into this account
- Pay money in at any Post Office or high street branch
- Prepaid MasterCard card
- Create Standing Orders but you can not set up Direct Debits with this account.
- 24 hour account management by Phone, Text and Online Banking
- Dedicated Account Manager
- Opening fee of £25 (£30 for a joint account)
- NO OVERDRAFT FACILITY – No risk of going overdrawn
- NO EXTRA CHARGES – No charges for bounced standing orders
- NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
- YOU must be 18+ and UK resident
- £14.50 monthly management fee (£19.50 for joint account customers)
Top 5 Savings Accounts
|
Provider |
Notice |
Interest Paid |
Min Bal |
Apply |
|
|---|---|---|---|---|---|
| View Full Table > | |||||
 |
|||||
|
2.90%
|
Instant
|
Monthly
|
£1
|
||
 |
|||||
|
2.80%
|
Instant
|
Annually
|
£1
|
||
 |
|||||
|
2.50%
|
Instant
|
Monthly
|
£1
|
||
 |
|||||
|
2.50%
|
Instant
|
Annually
|
£1
|
||
 |
|||||
|
2.50%
|
Instant
|
Monthly
|
£1,000
|
||
ING Direct Savings Account
- New customers can enjoy a rate of 2.90% AER (2.86% gross p.a.) including a 2.36% gross bonus fixed for 12 months from account opening.
- After 12 months the rate will revert to our ING Direct Savings Account variable rate, currently 0.50% AER
- Move your money when you like, with no penalties or restrictions
- Start saving from £1, with no minimum or maximum monthly deposits required
- Open an account in minutes
- Award winning UK call centres
Halifax Online Saver
- 2.80% gross/AER variable including 12 month fixed bonus of 2.70%
- Speed & convenience of 24/7 online access
- Unlimited withdrawals
- Unlimited deposits
- Open from just £1
- Online access only
- Available from age 16 onwards
- Access your money by transferring to another account online
- Interest paid annually
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Barnsley Building Society Online Saver
- Great on-going rate of 2.50% gross pa/AER† variable with NO bonus period!
- Apply online with Barnsley Building Society award-winning, paperless application. No forms to sign.
- Open an Online Saver with as little as £1
- Make withdrawals at any time as long as you leave a minimum balance of £1
- Check your balance and view your statements whenever you wish
- Log into our secure website to transfer money to your nominated bank or building society account or a nominated account held with us
- Rate includes a bonus of 0.50% until 31/12/2010.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax Reward Saver
- 2.50% gross/AER variable or 2.25% gross/AER variable if five or more withdrawals have been made
- Further withdrawals available should you need them however these will suffer 30 days loss of interest on the amount you withdraw.
- Access your money by transferring to another account online
- Interest paid annually
- You need to be a UK resident personal customers aged 11+
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Nationwide Regular Savings
- A competitive rate of interest of up to 2.50% AER, (2.50% gross p.a.)
- Flexibility to make unlimited withdrawals if you need to giving you the highest level of flexibility available.
- Open an account with as little as £1!
- Save up to £1000 each month.
- Open and manage your account online using the Nationwide MySave Online Savings site.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Natwest e-Savings
- No penalties – we don't charge you for withdrawing your money
- Start saving with £1 - and there's no minimum balance
- Monthly interest – paid directly into your account
- No need for an existing NatWest account – although if you have one, it's quick and easy to move money between e-Savings and your other NatWest accounts
- Get the savings habit – we can set up a regular transfer from another NatWest account
- Set up and track your own personal savings goals - through Online Banking
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
RBS Direct Saver
- you will earn the following rate of interest: 1% AER/Gross (variable)
- Instant access to your funds with no penalties
- Monthly tax-free interest – RBS can pay the interest into your Direct Saver or another RBS account.
- Manage your ISA by Phone, post, in branch and online
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax 2 Year Fixed Rate Online Saver
- Account gives you a great rate of 3.75% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Scottish Widows Direct Transfer Account
- Rate includes a bonus of 0.89% for 12 months
- Minimum balance £1000
- Deposits can be made by internet banking, telephone or post
- No notice period or penalties for withdrawals
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
ING Direct Cash ISA
- Act now and you can enjoy a great tax free rate of 3.0% AER variable (2.96% gross p.a variable, including a 1.96% gross p.a bonus fixed for 12 months from opening)
- This rate then reverts to a variable Cash ISA rate currently 1.00% gross/AER.
- The interest is calculated daily and paid monthly.
- You can invest from £1 up to £5,340 each tax year and benefit from tax free savings.
- You can NOT transfer your existing ISA balances to this ISA
- The tax year runs from 6 April to 5 April the following year.
- You can invest in one lump sum or in any number of smaller payments up to the annual subscription limit (£5,340).
Natwest e-ISA
- Save from £1 and save up to £5,340 per tax year
- If you wish to transfer your existing ISAs balances to this ISA you will earn the following rate of interest:
- £0 - £9,999 = 2.00% AER
- £10,000 - £29,900 = 2.25% AER
- £30,000+ = 2.50% AER
- Instant access to your funds with no penalties
- Monthly tax-free interest – Natwest can pay the interest into your Cash ISA Plus or another NatWest account.
- Manage your ISA by Phone, post, in branch and online
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax ISA Saver Online
- 2.60% tax free/AER variable including 12 month fixed bonus of 2.35%
- Interest paid tax free
- Open from just £1 and save in a way that suits you
- Easy access to your savings
- Transfers in benefit from our ISA Promise
- Maximum savings £5,340 annually (tax year 2011/2012)
- Available from age 16 onwards
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Top 5 Fixed Rate Bonds
|
Provider |
AER |
Duration |
Min Bal |
Apply |
|---|---|---|---|---|
| View Full Table > | ||||
 |
||||
|
4.60%
|
Fixed term for 5 years
|
£10,000
|
||
 |
||||
|
3.40%
|
Fixed term for 1 year
|
£10,000
|
||
|
|
||||
|
4.10%
|
Fixed term for 3 years
|
£500
|
||
|
|
||||
|
3.75%
|
Fixed term for 2 years
|
£500
|
||
 |
||||
|
3.45%
|
Fixed term for 1 year
|
£1,000
|
||
Scottish Widows 5 Year Fixed Rate Bond
- The Scottish Widows 5 Year Fixed Rate Bond is a fixed interest rate account offering a competitive 4.60%AER over a period of five years. The account is available to new and existing Scottish Widows Bank customers and is not linked to any investment products.
- Fixed annual rate 4.60% Gross
- Minimum deposit £10,000
- Deposit Term - 5 years
- No partial withdrawals permitted during deposit term.
- *Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Lloyds TSB International 1 Year Bond
- Save for 1 year
- Fixed interest rates of 3.40% AER/Gross*.
- Save from £10,000 up to £5,000,000
- No withdrawals are allowed.
- Rate is fixed for the term of the deposit.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax 3 Year Fixed Rate Online Saver
- Account gives you a great rate of 4.10% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax 2 Year Fixed Rate Online Saver
- Account gives you a great rate of 3.75% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
First Save 1 Year Fixed Rate Bond
- Minimum Deposit £1000 - No Maximum!
- Monthly or Annually interest payment option:
- - Minimum investment of £1,000 to get your interest paid annually = 3.45% AER
- - Minimum investment of £5,000 to get your interest paid monthly = 3.40% AER
- Deposit for a period of 1 year
- Online Access allowing you to deposit funds and view your cash at all times.
- Access can be given to funds if required in emergencies within the year; however this will result in loss of interest accrued to date.
- FirstSave accounts are provided by FBN Bank (UK) Ltd, a UK bank which began trading in 2002 and is authorised and regulated by the Financial Services Authority.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme
First Save 6 Month Bond
- Earn an Annual Equivalent Rate (AER) of 3.0%
- Minimum Deposit £1000 - No Maximum!
- Monthly or Annually interest payment option:
- - Minimum investment of £100 to get your interest paid annually = 2.98% AER
- - Minimum investment of £5,000 to get your interest paid monthly = 3.00% AER
- Online Access allowing you to deposit funds and view your cash at all times.
- FirstSave accounts are provided by FBN Bank (UK) Ltd, a UK bank which began trading in 2002 and is authorised and regulated by the Financial Services Authority.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax 1 Year Fixed Rate Online Saver
- Account gives you a great rate of 2.50% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
NatWest 1 Year Fixed Rate Bond
- Save between £5,000 - £500,000 and leave it untouched for the term
- Available to personal NatWest customers aged 18 or over
- No partial withdrawals or additional deposits are allowed. Early closure will result in an interest charge equivalent to:
- 90 days' gross interest for our 1 year Fixed Rate Bond
- 180 days' gross interest for our 2 year Fixed Rate Bond
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Nationwide 1 Year Fixed Rate Bond
- Get higher savings rate the more you deposit
- Deposit £1 - £49,999 = 2.65% AER fixed for 1 year
- Deposit £50,000+ = 2.90% AER fixed for 1 year
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Nationwide 1 Year Fixed Rate Bond
- Get higher savings rate the more you deposit
- Deposit £50,000+ = 2.90% AER fixed for 1 year
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance must not exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
NatWest 2 Year Fixed Rate Bond
- Save between £5,000 - £500,000 and leave it untouched for the term
- Available to personal NatWest customers aged 18 or over
- No partial withdrawals or additional deposits are allowed. Early closure will result in an interest charge equivalent to:
- 90 days' gross interest for our 1 year Fixed Rate Bond
- 180 days' gross interest for our 2 year Fixed Rate Bond
- You will need to have a NatWest current account or instant access savings accounts (excluding all Cash ISA accounts) for the payment of interest
- This is a limited offer and may be withdrawn from sale at any time
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax 4 Year Fixed Rate Online Saver
- Account gives you a great rate of 4.15% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Halifax 5 Year Fixed Rate Online Saver
- Account gives you a great rate of 4.25% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Hinkley and Rugby 1 Year Fixed Rate Bond
- Account gives you a great rate of 3.10% AER
- You can open an account with just £100.
- The maximum balance is £100,000.
- Early access on full closure only and subject to an Early Closure Charge equivalent to 270 days interest at 3.1% plus a £15 (ex VAT) admin charge
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
Progessive BS 2 Year Fixed Rate Bond
- Account gives you a great rate of 3.50% AER
- You can open an account with just £100.
- The maximum balance is £100,000.
- Early access on full closure only and subject to an Early Closure Charge equivalent to 270 days interest at 3.1% plus a £15 (ex VAT) admin charge
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
Vanquis Bank 3 Year Fixed Rate Bond
- Available Online Only.
- Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
- Annual or Monthly interest options available.
- Sole or Joint Accounts.
- Restricted to UK residents 18 years or older.
- No additional deposits, withdrawals or closure during term.
- Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme
Vanquis Bank 5 Year Fixed Rate Bond
- Available Online Only.
- Deposit between £1,000 to £250,000 for FIVE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
- Annual or Monthly interest options available.
- Sole or Joint Accounts.
- Restricted to UK residents 18 years or older.
- No additional deposits, withdrawals or closure during term.
- Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme
Saffron BS 3 Year Fixed Rate Bond
- Account gives you a great rate of 4.00% AER
- You can open an account with just £100.
- The maximum balance is £100,000.
- Early access on full closure only and subject to an Early Closure Fee
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
Scottish Widows 3 Year Fixed Rate Bond
- The Scottish Widows 3 Year Fixed Rate Bond is a fixed interest rate account offering a competitive 4.00% AER over a period of three years.
- The account is available to new and existing Scottish Widows Bank customers and is not linked to any investment products.
- Fixed annual rate 4.00% Gross
- Minimum deposit £10,000
- Deposit Term - 3 years
- No partial withdrawals permitted during deposit term.
- *Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
