Savings Interest Rates, Switch Offers and Guides for Hampshire Trust Bank

Who they are

Hampshire Trust Bank started life in 1977 in Fareham, Hampshire, as a small firm offering mortgage services. Its trajectory shifted significantly in 2014 when it was acquired by private equity firm Alchemy Partners, relaunching with a focus on relationship-based banking and specialist areas such as asset finance, specialist mortgages, and development finance for SMEs. Today it sits firmly in the challenger bank space. Authorised by the FCA and PRA and backed by the FSCS, it has earned the trust of over 100,000 savers and manages over £4.5 billion in savings. It holds its own banking licence, so your deposits are covered under Hampshire Trust Bank's own FSCS registration - not shared with another brand.

Savings accounts

Hampshire Trust Bank's savings range is broad for a specialist lender. The minimum deposit across every account is just £1, which makes it accessible whether you are parking a small emergency fund or a larger lump sum.

On the flexible side, the Online Saver is an easy-access, variable-rate account paying 4.18% AER - useful if you want to keep your options open. The 95 Day Online Notice Tracker sits in between, paying 4.22% AER in exchange for giving 95 days' notice before withdrawing.

If you can commit to a fixed term, the range runs from six months all the way to five years. The 6 Month and 9 Month Online Fixed Savers both pay 4.30% AER, the 1 Year and 18 Month and 2 Year versions each pay 4.31% AER, and the 5 Year Online Fixed Saver tops the range at 4.36% AER. None of these allow access before maturity, so only lock in what you genuinely will not need.

Cash ISA savers are also catered for. The 1 Year Online ISA Fixed Saver pays 4.20% AER, the 2 Year pays 4.25% AER, the 3 Year pays 3.75% AER, and the 5 Year pays 4.00% AER. Again, access is restricted until the term ends.

On FSCS protection, most accounts are covered up to £120,000 - higher than the standard £85,000 limit that applies to most UK banks. Deposits up to £120,000 are covered by the UK's deposit guarantee scheme at Hampshire Trust Bank. This elevated limit reflects the fact that HTB holds a separate banking licence rather than sharing one with a higher-volume retail brand.

Is it right for you?

Hampshire Trust Bank is a reasonable fit for savers who want a straightforward, no-frills online experience and a genuinely wide choice of fixed terms under one roof. The minimum deposit of £1 removes a common barrier, and the higher-than-usual FSCS limit of £120,000 gives bigger savers more breathing room before they need to spread money across providers.

The trade-off is that the fixed accounts are inflexible - there is no early access - so be honest with yourself about your timeline before committing. There are no switch offers or bonuses here; the rates simply stand on their own.

As always, the specific rates shown on this page are live and updated regularly, so use those figures - rather than anything in this overview - when making your final comparison.