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

Who they are

Secure Trust Bank is a British retail and commercial banking group listed on the London Stock Exchange. The bank was established in 1952 and became a subsidiary of the Arbuthnot Banking Group in 1985, before being floated on the London Stock Exchange in November 2011. Today it operates independently, with a diverse group of institutional investors as its main shareholders. Headquartered in Solihull, West Midlands, it specialises in personal savings products and diversified lending services to individuals and businesses. Secure Trust has its own banking licence, which is not shared with any other bank - so your FSCS protection is not diluted by another brand. The bank has no branches , managing accounts online and by phone.

Savings accounts

Secure Trust Bank keeps things straightforward with a focused range. The easy-access Access Account pays 3.75% AER (variable), with a minimum opening balance of just £1. If you can lock your money away for a little longer, the 90 Day Notice Account and 95 Day Notice Tracker Account both sit at 4.21% AER. The Tracker variant is worth noting - it follows the Bank of England Base Rate plus a 0.46% premium, so your rate moves with the market rather than at the bank's discretion.

For savers who want certainty, Secure Trust offers fixed-rate bonds across 1, 18-month, 2, 3, and 5-year terms, all currently paying 4.40% AER. Fixed bonds require a £1,000 minimum and no access until maturity, so be confident you won't need the money before committing.

Your deposits with Secure Trust Bank are protected up to a total of £120,000 by the FSCS - a higher limit than the standard £85,000 offered by most UK banks, owing to Secure Trust's separate banking licence and authorisation.

Is it right for you?

Secure Trust Bank suits savers who want a no-frills, competitive rate without the complexity of a high-street relationship. They have a UK-based call centre team if you ever need to pick up the phone, and a mobile savings app for managing your savings on the go. The range covers most needs - from instant access through to five-year fixes - and the £1 minimum on most accounts means you can start small.

One thing to be aware of: their savings products are usually very competitively priced and often appear in best-buy tables, but they can be available for only a few weeks before being withdrawn, which savers sometimes find frustrating. There are no switch incentives or cash bonuses on offer at present.

Rates change, so use the live figures on this page to check what Secure Trust Bank is paying right now before you decide.