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

Who they are

GTBank UK is the full legal name for Guaranty Trust Bank (UK) Limited, the UK-based subsidiary of Guaranty Trust Holding Company Plc (GTCO Plc), a prominent Nigerian multinational financial institution. GTBank was granted a banking licence for the United Kingdom by the Financial Services Authority in March 2008. It serves as the European arm of the GTBank group, providing retail and commercial banking services - with trade finance and mortgages among its major offerings - and focusing on businesses and individuals with interests in the West African sub-region.

The bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. That makes it a fully regulated UK bank, not a branch of an overseas institution.

FSCS protection

Eligible deposits with Guaranty Trust Bank (UK) Limited are protected by the Financial Services Compensation Scheme (FSCS), the UK's deposit protection scheme, up to the compensation limit. As of 1 December 2025 the FSCS protects up to £120,000 held in cash deposits with any eligible financial institution - the limit was previously £85,000. GTBank UK holds its own UK banking licence, so that protection applies to your deposits here independently of any other bank you use.

Savings accounts

GTBank UK's primary focus is on current accounts, mortgages, and trade finance rather than the retail savings market. At the time of writing, DepositScout holds no active savings product listings for GTBank UK - no easy access accounts, fixed-rate bonds, or cash ISAs appear in our data. That could change, so it is worth checking back.

Is it right for you?

If you have existing ties to Nigeria or West Africa - whether for personal remittances, business payments, or trade finance - GTBank UK's specialist focus may make it a natural fit. For UK savers looking purely for a competitive savings rate, the current product range may be limited. Check the live listings on this page for the latest picture, as the range and any rates can change at any time.