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

Who they are

FCMB Bank (UK) Limited is an independently incorporated, wholly-owned subsidiary of First City Monument Bank Ltd (FCMB), a member of FCMB Group PLC - a financial services group based in Nigeria. From its early origins in investment banking as City Securities Limited in 1977, FCMB has grown into one of the leading financial institutions in Nigeria.

The UK arm began operations as an investment firm in September 2009, with its CSL Stockbrokers division focused on Nigerian listed securities. Following regulatory approval in September 2013, the bank broadened into wholesale deposit taking, foreign exchange, treasury, corporate banking and trade finance. A further expansion in June 2018 brought personal and business banking services, including provision for high-net-worth individuals. The bank operates from the City of London and is regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.

Savings accounts and FSCS protection

DepositScout does not currently list any retail savings products from FCMB Bank (UK). That reflects their focus - this is a boutique bank that has historically served corporate clients, institutional customers and high-net-worth individuals rather than the general savings market. It is worth checking back, as their product range could change.

The bank does participate in the Financial Services Compensation Scheme (FSCS), protecting deposits up to £85,000 per depositor. The scheme covers current accounts, savings accounts and time deposit accounts held by private individuals and companies.

Is it right for you?

If you are a typical UK saver looking for a competitive easy-access account, fixed-rate bond or cash ISA, FCMB Bank (UK) is unlikely to be your first port of call right now. Their strength lies in serving businesses and individuals with African trade or investment connections.

That said, the savings landscape shifts regularly. Use the live rates shown on this page to compare what is actually available from FCMB Bank (UK) and every other provider tracked by DepositScout today.