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

Who they are

Hodge Bank is a UK bank headquartered in Cardiff, Wales. It holds the distinction of being the only UK bank with its head office based in Wales. The Jane Hodge Foundation owns 79% of the bank , meaning profits flow back into charitable causes rather than external shareholders - the foundation, established in memory of Sir Julian Hodge's mother, focuses its grants on Welsh causes in education, health, and the arts. It is a quiet, purposeful institution - not a household name, but one that has built a solid following among savers who find it through comparison sites and rate tables. Banking with Hodge is entirely online, making it simple to manage your account wherever you are.

Savings accounts

Hodge keeps its savings range focused and straightforward. Their Easy Access account starts from as little as £1 and pays a variable rate - check the live rate on this page for the current figure. For savers happy to lock away money, the 1 Year Fixed Rate Bond requires a minimum of £1,000 and offers a fixed rate for the full term with no access until maturity.

The ISA range is where Hodge particularly stands out. They offer fixed-rate Cash ISAs at 1, 2, 3, and 5-year terms, all requiring a £1,000 minimum. A couple of details worth noting: the 3-year and 5-year Cash ISAs do not accept ISA transfers in, and the 5-year option carries a 365-day interest penalty for early closure. So read the terms carefully before locking in for the longer terms.

Your eligible deposits with Hodge Bank are protected up to a total of £120,000 by the Financial Services Compensation Scheme - that is higher than the standard £85,000 limit you see at most banks, which is worth knowing if you are considering a larger deposit.

What savers say

Hodge attracts consistently positive feedback from customers. Reviewers frequently mention a great online portal, competitive interest rates, and a UK-based helpdesk. Many long-standing customers highlight that Hodge offers monthly interest as well as annual - something not all banks provide - and that it is easy to get in contact with friendly, efficient staff. The account opening process is frequently praised for being quick and fully online.

Is it right for you?

Hodge suits savers who want a clean, no-fuss online experience, competitive fixed rates, and the reassurance of a bank with a long track record. The ISA range in particular is worth a look if you want to shelter interest from tax across different time horizons. If you need to transfer an existing ISA in, just check first - some of their longer-term ISAs do not accept transfers. There are no switch offers or bonuses in play here; it is purely about the rate.

As always, rates move - use the live figures shown on this page to make sure you are comparing today's numbers before you decide.