Savings Interest Rates, Switch Offers and Guides for LHV

Who they are

LHV Group is an Estonian financial company, founded in 1999, that established LHV Pank as a universal bank in the Baltic countries in 2009. The group entered the UK market in 2018 by opening a branch, founded LHV Bank as an independent entity in 2021, and in 2023 became a fully authorised bank - completing its transition from branch to bank. LHV Bank is a subsidiary of LHV Group, a rapidly growing financial group based in Estonia that operates across banking, asset management, and insurance in the EU and UK, managing over £10 billion of financial assets.

It offers app-based retail banking products for individuals and flexible lending for businesses, with services designed to be simple, transparent, and accessible via digital channels. LHV Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the PRA under FRN 993767.

Savings accounts

LHV keeps its savings range clean and focused. There is an Easy Access Savings Account paying 4.50% AER variable, with instant access and a minimum balance of just £1 - so it suits savers of any size who want flexibility.

For those happy to lock money away, LHV offers five Fixed Rate Bonds across different terms. You can deposit between £1,000 and £1,000,000, though you cannot add more money once the bond is opened. Once locked in, your funds are secured for the full term with no access until maturity. Current fixed rates from the DepositScout data are: 4.20% AER for 6 months, 4.25% for 9 months, 4.40% for 1 year, 4.50% for 2 years, and 4.05% for 3 years. The 1 and 2 year terms currently sit at the stronger end of that range.

Eligible deposits with LHV Bank are protected up to £120,000 by the FSCS - notably higher than the standard £85,000 limit that applies at most banks. Worth keeping in mind if you hold large balances.

Is it right for you?

LHV suits savers who are comfortable managing their money through an app and who want straightforward, no-fuss accounts without introductory bonus rates that quietly drop away. The bank has actively challenged the industry to prioritise savings rate transparency , so the ethos behind the product range aligns with what most rate-conscious savers want.

There are currently no switch incentives or cash bonuses on offer, and no ISA products in the DepositScout data, so if a Cash ISA or a current account are priorities, you may need to look elsewhere too.

Rates on all accounts change over time - check the live figures shown on this page before deciding.