OneSavings Bank is a lending and retail savings bank based in Chatham, United Kingdom. The company began trading as a bank in 2011.
The One Savings Bank Group trades under three brands in the UK: Kent Reliance, Interbay Commercial, Prestige Finance and Heritable Development Finance. The bank’s operations are mostly funded by retail savings from the Kent Reliance brand, originally established in 1847.
One Savings Bank also operates in the Channel Islands, under the brands Jersey Home Loans and Guernsey Home Loans.
OneSavings Bank Products and Services
OneSavings Bank operates in these primary segments:
Buy-to-let / SMEs
Buy-to-let mortgages are offered to experienced landlords on residential property purchased for investment purposes and commercial mortgages for commercial or semi-commercial investment properties. The bank also offers residential development finance to small and medium developers and to owner-occupiers, mostly in London and the South East. One Savings Bank also partners with specialist mortgage brokers to offer residential and shared ownership mortgages.
One Savings Bank also provides funding opportunities to other lenders.
Available retail savings products include fixed-term bonds, easy access and fixed rate savings accounts, children’s savings accounts and ISAs. Children’s savings accounts support Demelza Hospice for Children.
OneSavings Bank Awards
In 2017, One Savings Bank was awarded as ISA Provider of the Year by Consumer Moneyfacts, and as best Cash ISA Provider – an award it has won for the last five years. Also in 2017, the lending sales team was awarded the Best Business Development Team gong at the Mortgage Strategy Awards.
OneSavings Bank Security
One Savings Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. Deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).