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

Who they are

Kingdom Bank is a UK Christian bank with roots stretching back to the early 1950s, when it was founded by Pastor George Oldershaw as an informal fund to finance church development within the Assemblies of God movement. In 2020, the bank entered a new chapter and was acquired by a group of Christian investors, including UK charity Stewardship and a consortium of individuals. It is based in Nottingham and operates with a clear, values-led purpose: when you save with them, your money is used to provide mortgages for churches, Christian charities and gospel workers across the UK.

Unlike many high street banks, you will always know where your money is being invested - they only lend to churches, Christian organisations and ministry workers aligned with the Evangelical Alliance basis of faith. There is no requirement for a Kingdom Bank customer to be a Christian, though the bank's mission will naturally resonate most with those who share that outlook.

Savings accounts

Kingdom Bank offers savings accounts, Cash ISAs and fixed-rate savings bonds to suit different goals. The bank pays all savings interest gross, so no tax is deducted at source - meaning you handle any tax liability yourself if you exceed your Personal Savings Allowance. Kingdom Bank is a member of the FSCS scheme, so eligible deposits are protected in the usual way. The bank offers a modest rate of interest on all its deposit accounts, and it is worth noting that rate competitiveness is not always the primary draw here - the ethical dimension of where the money goes is a big part of the appeal for many customers.

Is it right for you?

Kingdom Bank occupies a genuinely distinct corner of the UK savings market. If you are looking for a straightforward way to support Christian ministry without making a donation, it offers a meaningful alternative to a mainstream high street account. If your main priority is chasing the top rate on the market, it may be worth weighing that alongside the values-led proposition.

Kingdom Bank does not currently offer current accounts, so it works best as a home for dedicated savings rather than day-to-day banking.

As always, the live rates shown on this page are the best place to check what Kingdom Bank is paying right now, since figures can change at any time.