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

Who they are

Handelsbanken was established in Stockholm in 1871 and launched in the UK in 1982. Today it operates as Handelsbanken plc, a wholly-owned subsidiary of Svenska Handelsbanken AB. Relationship managers at over 120 branches are ready to help, across everything from personal and corporate banking to wealth management.

The model is deliberately different from most high-street banks. Each branch operates as a small business, able to make decisions at a local level, and branch teams are not incentivised by targets or bonuses - helping to ensure that advice is given with the customer's best interests in focus. Handelsbanken has been recognised as Europe's safest commercial bank by Global Finance and consistently rated top for customer satisfaction in independent EPSI surveys.

Savings accounts

DepositScout does not currently hold specific savings rate data for Handelsbanken. This reflects the bank's approach - its model attracts customers who want a long-term relationship and a high level of personalised service, and it tends not to suit customers who simply need a transactional arrangement. All customers bank with their local branch team and will have met with their account manager before opening an account. If you are looking to compare specific rates, the live figures shown elsewhere on this page are the place to start.

Protection and security

Your eligible deposits with Handelsbanken plc are protected up to a total of £120,000 (or £120,000 for each eligible account holder of a joint account) by the Financial Services Compensation Scheme (FSCS). Note that this FSCS limit is higher than the standard £85,000 that applied before December 2025. Handelsbanken plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Is it right for you?

Handelsbanken is unlikely to suit savers who want to open an account online in minutes and chase the best rate on a comparison table. Key banking decisions are made in branch, by someone who knows you, and you will have the direct contact details for your relationship manager from day one. For savers who value that level of personal service - and who perhaps have more complex needs, or simply want to feel known rather than just a number - it can be a genuinely good fit.

As with any bank, rates and product details change over time. Check the live figures on this page before making any decision.