Savings Interest Rates, Switch Offers and Guides for Hodge Bank

Who they are

Hodge Bank - formally Julian Hodge Bank Limited - is a UK bank named after its founder Sir Julian Hodge, formed in 1987 and headquartered in Cardiff, Wales. The two earlier banks Sir Julian set up have since been absorbed by major public companies, but Julian Hodge Bank remains an independent, family-controlled institution - giving it a noticeably different feel to the big high-street names. Customers can reach real people by phone without scripted responses or complex menu systems , which stands out in an era of chatbots and app-only banking. Savings accounts are online only - there are no bank branches , so it suits people who are comfortable managing money on the web but still want a human on the end of the phone when it matters.

Savings accounts

Hodge keeps its savings range focused and straightforward. The Easy Access account pays a variable rate and can be opened with as little as £1 - useful for an emergency fund or parking cash you might need quickly. For those happy to lock money away, the 1 Year Fixed Rate Bond requires a minimum of £1,000 and pays a fixed rate for the full term with no access until maturity.

The ISA range is where Hodge really leans in. Fixed Rate Cash ISAs are available over one, two, three, and five years, all requiring a £1,000 minimum. Early closure is possible but comes with an interest penalty - 90 days on the 1-year term and 365 days on the 5-year, so treat these as genuinely fixed commitments. One important note: you can only hold one Cash ISA with Hodge, and they do not offer other types of ISAs. All ISA products here do not accept transfers in from other providers, so you would be opening fresh rather than consolidating existing ISA pots.

The current rates for all these accounts are shown live on this page - rates change over time, so always check the figures displayed there rather than relying on any number you see elsewhere.

FSCS protection

The FSCS protects the first £120,000 you save with Hodge. That limit applies per UK-regulated financial institution, not per account. If you hold a larger balance, consider splitting funds across different FSCS-protected banks to maximise your coverage. Hodge holds its own banking licence, so deposits held here are separate from any other bank you use.

Is it right for you?

Hodge is a solid choice if you want competitive fixed-rate savings or a tax-efficient Cash ISA and are comfortable with an online-only, no-branch setup. The easy access account suits those who want flexibility without sacrificing too much on rate. It is less suited to anyone wanting to transfer an existing ISA across, or who needs to dip in and out of a fixed-rate pot without penalty. There are no current account switch offers to consider here - this is a pure savings proposition.

Use the live rates at the top of this page to see exactly where Hodge sits in the market today before you decide.