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

Who they are

StreamBank is a newer bank, founded to serve specialist property and savings customers with financial solutions - including customer savings, commercial mortgages, bridging and development finance. It was awarded its full banking licence in February 2023 and launched its first savings accounts in the same month. The bank is headquartered in Cardiff. It is a small, focused operation rather than a high-street name, but it has built a track record of competitive rates since launch. While its size means it is rarely a best buy, its rates have been consistently competitive, keeping it a regular fixture in savings tables.

On FSCS protection, StreamBank holds its own banking licence. Deposits are protected up to £120,000 per depositor through the UK's deposit guarantee scheme, which applies to savings accounts held by private individuals, and the bank participates in the Financial Services Compensation Scheme (FSCS) by making regular contributions into it. The £120,000 limit is higher than the standard £85,000 - this applies because StreamBank does not share its licence with any other trading brand.

Savings accounts

StreamBank keeps its savings range tight and purposeful. There are four accounts to consider, all requiring a minimum deposit of £1,000.

The 90 Day Notice Account pays 4.35% variable. You give 90 days' notice before each withdrawal, so this suits money you know you won't need in a hurry. The variable rate means StreamBank can adjust it over time, so it is worth keeping an eye on.

For those happy to lock money away, there are three fixed-rate bonds. The 1 Year and 2 Year Fixed Rate Accounts both pay 4.65% - your rate is guaranteed for the full term and there is no access until maturity. If you can stomach a longer commitment, the 5 Year Fixed Rate Account pays 3.90%, which is lower - a reminder that locking in for longer does not always mean earning more, especially in the current rate environment.

None of the accounts include a bonus rate, which is genuinely useful: the rate you see is the rate you get for the term, with no cliff-edge drop to worry about.

There are currently no current accounts, ISAs, or switch offers from StreamBank.

Is it right for you?

StreamBank is a reasonable choice if you have at least £1,000 to set aside and want straightforward, no-frills savings without a bonus component to track. The fixed-rate accounts are particularly clean - competitive rates, guaranteed for the term, and no catches buried in the small print. The notice account is worth considering if you've already used up easy access allowances elsewhere or want to keep money slightly more ringfenced.

It is not for everyone. There is no easy access option, no ISA wrapper, and no current account relationship. If flexibility is your priority, you will need to look elsewhere.

Rates shift regularly, so check the live figures on this page before you decide - what you see here reflects the current best available from StreamBank.