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

Who they are

Secure Trust Bank is a UK retail and commercial bank headquartered in Solihull, West Midlands, with over 70 years of history in the financial sector. The bank was established in 1952 and became a subsidiary of the Arbuthnot Banking Group in 1985, before floating on the London Stock Exchange in November 2011. Today it is an independently listed company, with a predominantly institutional free float and no single parent controlling it. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. There are no branches - accounts are managed online or by phone.

Savings accounts

Secure Trust Bank keeps its savings range straightforward. On the flexible side, the Access Account pays 3.75% AER (variable) with instant access and no minimum balance to speak of - just £1 to open. If you can give a little notice, the 90 Day Notice Account and the 95 Day Notice Tracker Account both sit at 4.21% AER. The Tracker version is worth a closer look if you think the Bank of England base rate might rise, as it is structured to track base rate plus a 0.46% premium.

For those who want to lock in a rate, Fixed Rate Bonds are available across 1 year, 18 months, 2 years, and 3 years, all currently at 4.4% AER, with a £1 minimum. The 5 Year Fixed Rate Bond also pays 4.4% AER but carries a higher minimum of £1,000. No access is allowed on fixed bonds until maturity, so be sure you will not need the money.

FSCS protection

Deposits with Secure Trust Bank are protected up to £120,000 per person by the FSCS - notably higher than the standard £85,000 limit that applies at most UK banks. That limit applies across all accounts you hold with them, not per account, though joint account holders each get their own £120,000 entitlement. This elevated limit reflects Secure Trust Bank's own banking licence rather than a shared arrangement with another brand.

Is it right for you?

Secure Trust Bank suits savers who want a settled, established bank rather than a newer fintech - and who are comfortable managing everything digitally or by phone. The range covers instant access through to five-year fixes, all opening from just £1 (£1,000 for the five-year bond). There are no switch bonuses or introductory rates in the current range, so what you see is what you get.

Rates change over time, so check the live figures on this page before you decide.