Bank of Beirut (UK) savings rates — compare every account, plus switch offers and guides

Who they are

Bank of Beirut (UK) Ltd is an authorised institution under the Financial Services and Markets Act 2000, and commenced operations in the UK in December 2002. That said, the bank has maintained a presence in London since 1981, and has grown to become an essential part of providing banking services to the Lebanese community based in the UK and overseas.

It is a UK incorporated and regulated bank with a full deposit-taking licence, providing retail, commercial and deposit-taking services - and concentrating on facilitating finance for import and export to corporates, businesses and correspondent banks operating between the UK, continental Europe, Africa and the Middle East. The parent, Bank of Beirut was founded in 1963 and is listed on the Beirut Stock Exchange, making the UK subsidiary part of an established international group.

Savings accounts

Our data shows no savings products currently listed for Bank of Beirut (UK) on DepositScout. This is consistent with the bank's focus - Bank of Beirut (UK) Ltd provides products and services in the areas of correspondent banking, corporate finance, corporate treasury and trade finance, with offerings including business accounts, deposit accounts, private loans and business loans. In other words, it operates more as a wholesale and commercial bank than a mainstream retail savings provider. If that changes, the live rates table on this page will be the first place you will see it.

Is it right for you?

For most UK savers browsing for a competitive easy access account or fixed-rate ISA, Bank of Beirut (UK) is unlikely to be the right fit right now - there are simply no retail savings products showing on our radar at this time. It is worth knowing, however, that the bank participates in the Financial Services Compensation Scheme (FSCS), making regular contributions into it. FSCS protection for banks, building societies and credit unions is up to £120,000 per person per banking licence, so your eligible deposits would be covered up to that limit should the worst happen.

Bank of Beirut (UK) holds its own UK banking licence as a separately incorporated subsidiary, but it is always worth double-checking the FCA register if you hold large sums, to confirm no licence sharing applies to you.

As always, the live rates shown on this page are the most up-to-date picture - check back if you want to see whether any new products appear from Bank of Beirut (UK).