Secure Trust Bank

Who they are

Secure Trust Bank is a UK retail bank founded in 1952, headquartered in Solihull. The bank took its current name, Secure Trust Bank PLC, in 1994, reflecting an expansion into broader banking operations. It listed on the AIM market in 2011 before moving to the London Stock Exchange's Main Market in 2016. Today it operates as an independent, publicly listed bank with no shared banking licence - so your savings sit entirely within its own FSCS authorisation (FCA firm reference 204550).

Secure Trust does not operate any branches, but its savings products are usually very competitively priced. In 2023 the bank launched its first Mobile Savings App, giving customers a convenient way to manage their accounts on the go.

Savings accounts

Secure Trust Bank keeps its savings range focused. Right now there are four products to consider.

The Access Account is an easy-access, variable-rate account that you can open from just £1, giving you instant access to your money whenever you need it. If you can afford to give a little notice, the 90 Day Notice Account and the 95 Day Notice Tracker Account both currently pay a higher variable rate. The Tracker account is particularly interesting for rate-watchers - it follows the Bank of England Base Rate with a fixed premium built in, so your return moves with monetary policy rather than sitting at the mercy of a provider's pricing decision alone.

For ISA savers, the 18 Month Fixed Rate Cash ISA locks in a fixed rate until 24 May 2028 and requires a minimum opening balance of £1,000. That makes it worth considering if you have ISA allowance to use and you are comfortable tying the money up.

All four accounts are protected up to £120,000 per person by the FSCS under Secure Trust Bank plc's own banking licence. Because the licence is not shared with any other brand, that full £120,000 allowance is yours alone here.

Is it right for you?

Secure Trust Bank suits savers who want a straightforward, no-branch online experience from a bank with a long track record. The notice and tracker accounts offer a sensible middle ground between locking money away and keeping it fully accessible. Those wanting tax-efficient savings will find the fixed-rate Cash ISA worth a close look.

There is no current-account switching offer in the data, so if a cash incentive to move your everyday banking is what you are after, you may need to look elsewhere.

As always, rates change - check the live figures shown on this page before you apply.