Hampden & Co is a private bank based in the United Kingdom. Founded in 2010 by Ray Entwhistle, a former chairman of Adam & Co (private banking subsidiary of Royal Bank of Scotland). The bank received its licence in 2015, becoming the first private bank in three decades to do so.
The bank was founded to address what Entwhistle stated were the ‘trust and misselling issues’ customers experienced when dealing with established banks. Hampden & Co has offices in Edinburgh and London.
Hampden & Co Products and Services
Customers who have a current account can also choose to open a deposit account, with a range of options available. Instant access accounts have no minimum deposit and are ideal for customers who need to access their deposits; however, these accounts have variable interest rates. By contrast, fixed-term deposit accounts require a minimum opening deposit of £50,000, and pay a fixed rate of interest paid at the end of the term.
95-day notice accounts are also available for customers who do not need instant access to their money but may need to make withdrawals before the end of their term. These accounts also required a minimum deposit of £50,000 and pay a variable rate of interest.
Hampden & Co also provides lending solutions to both individual and business customers, including residential mortgages, holiday let mortgages, buy-to-let mortgages, property loans, secured overdrafts and unsecured loans and overdrafts. Hampden & Co also offers guarantor-backed and can tailor solutions to customers in exceptional circumstances when needed.
Hampden & Co current accounts are designed to make managing complex finances straightforward. Accounts can be opened in several currencies, and the bank works with customers who required foreign exchange or international payment services. Charge cards are available in USD and Euros.
Hampden & Co Security
Hampden & Co is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. Eligible deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).