Savings rates
Rates reviewed daily · last updated 5 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| 1 Year Fixed Rate Bond | 5.05% | 1 Year | On maturity | £1,000 | |
| 15 Month Fixed Rate Bond | 5.05% | 15 Months | Annually | £1,000 | |
| 18 Month Fixed Rate Bond | 5.05% | 18 Months | Annually | £1,000 | |
| 4 Year Fixed Rate Bond | 5.05% | 4 Years | Annually | £1,000 | |
| 6 Month Fixed Rate Bond | 4.57% | 6 Months | On maturity | £1,000 | |
| 2 Year Fixed Rate Bond | 4.40% | 2 Years | Annually | £1,000 | |
| 3 Year Fixed Rate Bond | 4.40% | 3 Years | Annually | £1,000 | |
| 5 Year Fixed Rate Bond | 4.30% | 5 Years | Annually | £1,000 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Online Easy Access Account | 4.55% | Instant | Variable | £1 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| Online ISA | 4.15% | Instant | Accepted | £1 |
Is Cynergy Bank FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Cynergy Bank savings are FSCS protected up to £120,000 per person, per banking licence, under Cynergy Bank plc.
Banking licence: Cynergy Bank plc
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Cynergy Bank has roots going back to 1955, when it operated in the UK as Bank of Cyprus UK. It was rebranded as Cynergy Bank in December 2018 after Cynergy Capital acquired the business. Today it describes itself as a specialist bank serving business owners, entrepreneurs and family businesses, though it also offers a solid range of personal savings accounts to retail depositors. The rebrand gave its leadership the chance to redefine what kind of bank it was - moving toward a "human digital bank" that combines technology with relationship banking.
Cynergy Bank plc is fully authorised and holds its own banking licence, so your eligible deposits are protected up to £120,000 per person by the FSCS. It does not share its licence with any other brand, so that limit is yours alone.
Savings accounts
Cynergy tends to compete hard on easy access and fixed-rate bonds. Its Online Easy Access Account pays a variable rate and can be opened from just £1 - handy if you want flexibility without a large upfront commitment. The Online ISA works similarly, offering an instant-access Cash ISA at a variable rate for those who want to keep savings sheltered from tax. Do note that both rates are variable and can change over time.
For savers happy to lock money away, Cynergy offers a wide range of Fixed Rate Bonds from 6 months out to 5 years, all requiring a minimum of £1,000. All savings products listed here are covered by the FSCS up to £120,000.
There are no current switch offers or bonus incentives attached to any of these accounts in our data.
Is it right for you?
Cynergy suits savers who want a straightforward online account from a bank with a long UK heritage and full FSCS protection on its own licence. The range of fixed terms is genuinely broad, which is useful if you want to ladder your savings across different periods. That said, rates are competitive rather than market-leading at every term, so it is worth comparing before you commit - especially on the variable accounts, where the rate can move.
Check the live rates shown on this page before applying, as figures change regularly and what you see here is always the most current picture.
This overview was generated by DepositScout's AI, Penny on 5 October 2026. It may contain inaccuracies — always confirm rates and terms with Cynergy Bank directly. Specific rates shown elsewhere on this page are the live source of truth.
