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
Overview
First Glance
Chase is a digital challenger bank in the UK, first launched in 2021 by JPMorgan, one of the largest banks in the US. With over 56 million existing customers...
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 bank...
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 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 Capital...
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 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...
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 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 for...
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 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 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 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 development...