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

Who they are

thisbank was created by transforming the UK arm of JN Bank under new leadership and ownership, backed by investment from both the UK and the US. Its roots trace back to the founding of the Westmoreland Building Society in the 19th century, which later evolved into the JN Group and, subsequently, JN Bank UK, which launched in the UK in 2018 and earned its banking licence in 2019. In 2025 the bank underwent a comprehensive transformation programme, culminating in the launch of thisbank.

The bank aims to distinguish itself by prioritising human interaction rather than relying heavily on automated systems, positioning itself as an alternative to traditional and digital-first lenders where customers often struggle to speak directly to staff. Under the leadership of CEO Chris Waring, who brings extensive experience from Lloyds, Barclays, and private equity, thisbank is designed to serve everyday savers with clarity, fairness, and a human touch.

Savings accounts

thisbank offers fixed-term and easy access savings accounts, with the aim of making it straightforward to save and grow your money. You can start saving with just £1 in an Easy Access Savings Account, or open a Fixed Term Savings Account with a minimum of £100. There is also a Triple Access option sitting between the two - designed for savers who want good returns with flexibility, with interest building daily and paid monthly.

For fixed-term accounts, interest is calculated daily, paid annually and at maturity into your account. Only sole accounts are available - you cannot open a joint account with a family member or friend. All UK residents aged 18 and over who have a UK mobile phone, email address, and a UK bank account are eligible.

FSCS protection

thisbank is the trading name of This Bank Limited, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the PRA. Eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. That limit is higher than the standard £85,000 protection you see at most banks, which is worth noting if you are considering depositing a larger sum.

Is it right for you?

thisbank suits savers who want a clean, app-based experience but still value being able to speak to a real person when things get complicated. You can open accounts and manage your savings through the app, available on the App Store and Google Play. The bank's investment strategy focuses on specialist asset classes, which it says allows it to aim for consistently competitive savings rates. It does not currently offer an ISA, and there are no current account or switching incentives in place.

Because rates move regularly, the live figures shown on this page are always your most reliable starting point - use them to compare thisbank against the wider market before you decide.