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 | |
|---|---|---|---|---|---|
| 5 Year Fixed Rate Bond | 5.25% | 5 Years | Monthly | £1,000 | |
| 2 Year Fixed Rate Bond | 5.10% | 2 Years | Monthly/Annually | £1,000 | |
| 3 Year Fixed Rate Bond | 5.10% | 3 Years | Monthly/Annually/Anniversary | £1,000 | |
| 1 Year Fixed Rate Bond | 5.05% | 1 Year | Monthly | £1,000 | |
| 6 month fixed rate bond | 4.52% | 6 Months | On maturity | £1,000 |
Notice Account
| Account | AER | Notice period | Interest | Min Balance | |
|---|---|---|---|---|---|
| 150 Day Notice Account | 4.38% | 150 Days | Variable | £1,000 | |
| 120 Day Notice Account | 4.08% | 120 Days | Variable | £1,000 |
Is GB Bank FSCS protected?
Yes — FSCS protected up to £120,000
Yes. GB Bank savings are FSCS protected up to £120,000 per person, per banking licence, under GB Bank Limited. The same limit is shared with Quilter Invest.
Banking licence: GB Bank Limited
Shares this limit with Quilter Invest.
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
GB Bank was founded in 2017 and, after early seed funding and backing from the Teesside Pension Fund, gained full banking authorisation in 2022. The Middlesbrough-based bank has carved out a niche by using savings deposits to fund bespoke loans to property developers regenerating underserved communities - primarily in the North East, Yorkshire and the North West. In 2024, a significant investment from Hera Holdings boosted its lending capacity to a maximum loan size of £20 million. It is not a household name, but if the idea of your savings quietly supporting regional regeneration appeals, that is a genuine part of what GB Bank does.
Savings accounts
GB Bank keeps things focused: a range of fixed-rate bonds and notice accounts, all managed online, each with a £1,000 minimum deposit. On the fixed side, terms run from six months to five years. Rates shown on this page range from 4.52% on the 6-month bond up to 5.25% on the 5-year bond, with the 1-year, 2-year and 3-year options sitting in between. None of these allow access before maturity, so only commit money you are confident you will not need. On the more flexible side, there are two notice accounts - a 120-day and a 150-day option - paying variable rates, again from £1,000. These suit savers who want a meaningful step up from easy access but are not ready to lock funds away entirely.
One important protection note: GB Bank's banking licence is shared with Quilter Invest. If you hold savings with GB Bank and investments with Quilter Invest, the £120,000 FSCS deposit limit is shared across both. Keep that in mind when deciding how much to place here.
Is it right for you?
GB Bank suits savers who are happy to manage everything online, can meet the £1,000 minimum, and do not need instant access. There are no current accounts, no ISAs, and no switch bonuses - this is purely a savings specialist. The fixed-rate range is competitive enough to appear regularly near the top of best-buy tables, and the notice accounts offer a useful middle ground. Just check the live rates on this page before you commit, since both fixed and variable rates move over time.
This overview was generated by DepositScout's AI, Penny on 5 October 2026. It may contain inaccuracies — always confirm rates and terms with GB Bank directly. Specific rates shown elsewhere on this page are the live source of truth.
