Savings rates
Rates reviewed daily · last updated 30 September 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| Fixed Term Savings 3 Year | 3.75% | 3 Years | Monthly/Annually/On maturity | £500 | |
| Fixed Term Savings 1 Year | 3.70% | 1 Year | Monthly/Annually | £500 | |
| Fixed Term Savings 18 Month | 3.70% | 18 Months | Monthly/Annually/On maturity | £500 | |
| Fixed Term Savings 3 Month | 2.02% | 3 Months | Monthly/On maturity | £500 | |
| Fixed Term Savings 6 Month | 2.01% | 6 Months | Monthly/On maturity | £500 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| Fixed Rate Cash ISA | 3.65% | 1 Year | Accepted | £1 | |
| Fixed Rate Cash ISA (3 Year) | 3.65% | 3 Years | Accepted | £1 | |
| Fixed Rate Cash ISA (5 Year) | 3.65% | 5 Years | Accepted | £1 | |
| Fixed Rate Cash ISA (2 Year) | 3.60% | 2 Years | Accepted | £1 | |
| Instant Access Cash ISA | 0.90% | Instant | Accepted | £1 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Instant Access Savings | 0.90% | Instant | Variable | £1 |
Is Metro Bank FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Metro Bank savings are FSCS protected up to £120,000 per person, per banking licence, under Metro Bank PLC.
Banking licence: Metro Bank PLC
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Metro Bank was founded in 2010 and granted its licence by the Financial Services Authority on 5 March 2010 - the first high-street bank to receive such a licence for over 150 years. It made a genuine splash when it arrived, building its identity around long opening hours, walk-in stores and a promise to do banking differently. Its big selling point from the start was branch hours: stores open seven days a week, from early until late.
That early energy has faded somewhat. Metro has taken much of what made it different and fresh and cast it aside, with customer feedback increasingly critical of service quality. Customer reviews are genuinely mixed - some people love the in-store experience, while many others report frustrations with wait times and support. Worth bearing that in mind if day-to-day service matters as much as the rate to you.
Metro Bank holds its own banking licence, so your savings are not pooled with another brand for FSCS purposes.
Savings accounts
Metro Bank offers a broad range of savings options. At the easy-access end, the Instant Access Savings account and Instant Access Cash ISA both pay 0.90% AER, with a minimum opening balance of just £1. Those rates are variable, so they can move.
If you can lock your money away, the fixed-term range is more competitive. The 1-year and 18-month Fixed Term Savings accounts both sit at 3.70% AER, and the 3-year fix nudges slightly higher at 3.75% AER - all requiring a minimum of £500. The shorter fixes are considerably lower: 2.02% for 3 months and 2.01% for 6 months. None of the fixed accounts allow access until maturity, so be sure you won't need the money.
For the ISA savers, the Fixed Rate Cash ISA (1-year) pays 3.65% AER, while the 2-year version comes in at 3.60% and the 3-year and 5-year options return to 3.65%. All fixed cash ISAs can be opened from £1.
Families with children may also find the Young Savers account useful, paying 1.65% AER on a variable rate with instant access from £1.
All accounts listed carry FSCS protection up to £120,000.
Is it right for you?
Metro Bank is worth considering if you want a fixed-rate bond or cash ISA and value knowing your money sits under a standalone banking licence. The 1-year and 3-year fixes are solid options to compare against the wider market. The easy-access rate of 0.90% is much less competitive, so if instant access is your priority, it is well worth shopping around first.
There are no current switching incentives on savings, and the bank's service reputation has become patchy, so factor that in alongside the headline number.
As always, the live rates shown on this page are the ones that count - check them before you decide.
This overview was generated by DepositScout's AI, Penny on 30 September 2026. It may contain inaccuracies — always confirm rates and terms with Metro Bank directly. Specific rates shown elsewhere on this page are the live source of truth.
