Zenith Bank UK savings rates — compare every account, plus switch offers and guides

Who they are

Zenith Bank (UK) Ltd is a UK subsidiary of Zenith Bank PLC, one of the leading banks in Nigeria. The Nigerian parent was established in 1990, and the UK operation was set up in 2007. The bank is incorporated as a private limited company, registered at 39 Cornhill in the City of London. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

The bank's focus is primarily on corporate and international customers rather than the mass retail market. At the heart of Zenith UK's operation is the trade finance business, with a particular specialisation in Sub-Saharan Africa. Its wider offering spans wealth management, treasury and custody solutions, foreign exchange, and fixed term deposits.

Savings accounts

Zenith Bank UK does offer retail fixed-rate savings to UK residents. To qualify, you must be aged 18 or over and resident in the UK for tax purposes, with a permanent UK address. However, DepositScout currently holds no live product data for Zenith Bank UK - no rates, terms, or account details are available in our system at this time. This can reflect a period when a provider's rates are under review or not actively being distributed through comparison channels.

FSCS protection

Your deposits are covered by the Financial Services Compensation Scheme. Deposits with Zenith Bank (UK) Ltd are protected up to a total of £120,000 by the FSCS for each eligible depositor - notably higher than the standard £85,000 limit that applies to most UK banks. The FSCS is the UK's statutory deposit guarantee scheme, designed to protect your deposits should a bank become insolvent.

Is it right for you?

Zenith Bank UK occupies a niche space - it is a smaller, internationally-oriented bank with a corporate heritage rather than a high-street one. For everyday UK savers, the limited retail product range and the absence of current rate data mean it is worth keeping an eye on rather than treating as a go-to provider right now.

Check the live rates shown on this page for the most up-to-date picture before making any decision.