Savings banks are geared around the primary purpose of accepting savings deposits from their customers, and on paying their customers interest on those savings. Originally designed to help low-income people save money, these banks may have a narrow focus but offer a range of savings products. Some online-only savings banks offer higher rates of interest. Find out more below.
Savings Banks
Chase Bank UK
Who Owns Chase Bank?
Chase is a digital challenger bank in the UK, first launched in 2021 by JPMorgan, one of the largest banks in the US. With...
About Charity Bank
Charity Bank, founded in 2002, is an ethical bank that lends to charities, social enterprises and other non-profit organisations that intend to use the loan...
About Cambridge & Counties Bank
Cambridge & Counties Bank, launched in June 2012 and based in the United Kingdom, is unique amongst UK banks. This is because 50% of the bank...
About Gatehouse Bank
Gatehouse Bank, formerly known as Milestone Savings, is a UK challenger bank based in London. Founded in 2008, the bank is Sharia compliant. The Milestone...
Offering savings accounts that encourage you to ‘put the interest back into your savings’, Marcus is a trading name of Goldman Sachs. Though you might not have heard of Marcus, you’ll...
About Paragon Bank
Paragon Banking Group is a UK-based specialist finance provider, headquartered in Solihull and founded in 1985. Originally named National Home Loans Corporation,...
About Hodge Bank
Established in 1987, Hodge Bank is named after Sir Julian Hodge. It is the only UK bank to be headquartered in Wales, with its head office based in Cardiff. The...
About Bank of Cyprus
Bank of Cyprus was founded in 1899 as the Nicosia Savings Bank, is a Cypriot bank. It was the first Cypriot bank; before then, all other banks in Cyprus were foreign-owned....
About United Trust Bank
United Trust Bank was founded in 1955 as Bank Insinger de Beaufort PLC. It is based in London, United Kingdom.
United Trust’s business is focused on providing...
Talking of ‘digital and financial innovation’, Dozens
provides a current account alongside investment opportunities. It claims to
help you ‘maximise your money’s potential’, but is...
About PCF Bank
PCF Bank was founded in 1993. Based in London, United Kingdom, the company offers a wide portfolio of personal and business banking services. Originally established...
About Kingdom Bank
Kingdom Bank is a Christian bank, established in the United Kingdom in the 1950s. The bank was founded by a pastor, George Oldershaw, to finance the growth and...
About Masthaven Bank
Masthaven Bank was founded in 2004. At that time, the company only offered secured lending and bridging loans. After receiving a banking licence in 2016, Masthaven...
About Scottish Widows Bank
Scottish Widows is a life insurance and pensions company operating as a subsidiary of Lloyds Banking Group. Based in Edinburgh, Scotland, the company...
About Alliance Trust Savings
Alliance Trust Savings is a British investment trust founded in 1986. It has more than 110,000 customers who can choose from more than 4,000 investment...
About Wesleyan Bank
Founded in 1841, Wesleyan Assurance Society is based in Birmingham. A financial services mutual company, it was established by members of the Wesleyan Methodist...
About Methodist Chapel Aid
Methodist Chapel Aid is a Christian financial services company that provides lending to Christian churches and organisations. Founded in 1890, it is...
About Diamond Bank
Diamond Bank is a Nigerian international bank headquartered in Lagos. The bank also has branches in Benin Republic, Togo, Cote d’Ivoire and Senegal, plus a subsidiary...
About Oaknorth Bank
Oaknorth is a UK bank founded in 2015 by Joel Perlman and Rishi Khosia, founders of Copal Amba. They were inspired to start the company after coming up against...
About OneSavings Bank
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...