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

Who they are

iFAST Global Bank is a British digital bank headquartered in London, owned by Singapore-listed iFAST Corporation. It was formed when iFAST Corporation acquired BFC Bank - a UK bank that had specialised in foreign exchange and remittance services - and rebranded it iFAST Global Bank in April 2022. The parent group began life as a wealth management platform back in 2000 , so there is real financial heritage behind it, even if the bank itself is relatively new to the UK savings scene.

In May 2025, iFAST GB was named "Best Newcomer" at the British Bank Awards , which is a reasonable early signal that it is gaining traction with UK customers.

What they offer

iFAST Global Bank pitches itself squarely at people with international connections. Its multi-currency current accounts are designed for UK residents and internationally mobile customers, including expatriates, international students and those with cross-border banking needs. On the savings side, the bank offers three types: instant access, fixed term deposit and notice deposit. There are no annual fees, no subscription plans, no set-up fees and no minimum balance requirement.

Because DepositScout currently holds no live product data for iFAST Global Bank, specific rates are not shown here - check the live figures on this page for the latest.

Safety and regulation

iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Eligible deposits are protected by the FSCS up to £120,000 per depositor - notably higher than the standard £85,000 limit that applies at most UK banks, so it is worth confirming the current limit directly with the bank or the FSCS if that figure matters to your decision.

Is it right for you?

iFAST Global Bank is probably most appealing if you regularly move money across borders or hold savings in more than one currency. For a straightforward UK-only saver looking purely for the most competitive rate on a cash ISA or easy-access account, it is worth comparing it against more established names. Rates and product availability do change, so keep an eye on the live figures shown on this page to see where iFAST Global Bank stands right now.