FidBank UK savings rates — compare every account, plus switch offers and guides

Who they are

FidBank UK has a long history in the City of London. It traces its roots back to 1983, when it first operated as the London branch of Union Bank of Nigeria, before becoming an independently incorporated UK bank - Union Bank UK plc - in October 2004. In July 2023, Fidelity Bank PLC of Nigeria acquired 100% of its shares, leading to the rebranding as FidBank UK, now serving as the UK subsidiary of Fidelity Bank PLC.

The bank offers a range of products and services focused on customers doing business with Nigeria and other West African countries, including trade finance, retail banking, business banking, treasury services, commercial lending and private banking. It is a specialist rather than a mainstream high-street bank, which is worth bearing in mind if you are a general UK saver.

FSCS protection

FidBank UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, and subscribes to the Financial Services Compensation Scheme. FSCS protection for deposits increased to £120,000 per depositor from 1 December 2025. That means eligible deposits held with FidBank UK fall under that protection - useful reassurance if you are considering placing funds here.

Savings accounts

We do not currently have any savings products from FidBank UK listed on DepositScout. That could change - banks add and withdraw products regularly. If you are hoping to compare easy access accounts, fixed-rate bonds or cash ISAs from FidBank UK alongside the rest of the market, check back on this page for the latest.

Is it right for you?

FidBank UK is a niche, City-based institution with a clear focus on UK-Nigeria and West African business relationships. If that matches your needs, it may well be worth exploring. For most everyday UK savers simply looking for a competitive savings rate, the lack of current product listings here means it is hard to recommend over the wider market right now.

Keep an eye on the live rates shown on this page - they are updated regularly and will reflect any new products FidBank UK makes available, alongside the best rates from across the UK savings market.