FidBank UK

United KingdomUnited Kingdom(AA)

Deposit amount: Min. £1,000 – Max. £85,000

Protection limit: Up to £85,000 payout in GBP

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Top offer from this bank

4.60% AER

Term:
1 year

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Rate
Duration
Deposit Guarantee
Product Type

Rate

4.60% AER

Duration

1 year

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Fixed Term
Fixed Term
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Rate

4.26% AER

Duration

2 years

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Fixed Term
Fixed Term
Order Now

Top offer from this bank

4.60% AER

Term:
1 year

Bank Details

Operating from the heart of the City of London since 1983, firstly as the London branch of Union Bank of Nigeria (UBN), and since October 2004 as an independently incorporated UK bank, Union Bank UK plc (UBUK), and subsidiary of UBN. In May 2022, following the sale of the UBN, the shareholding in FBUK was purchased by a group of investors (the previous shareholders of UBN) and we continued to operate as an independent, regulated, UK bank. In July 2023 Fidelity Bank PLC, Nigeria, acquired 100% of the shares of UBUK and the bank was rebranded to FidBank UK as the UK subsidiary of Fidelity Bank PLC. FidBank are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and subscribe to the Financial Services Compensation Scheme.

Security & Deposit Protection

The FSCS is the United Kingdom's statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

Who is Raisin?

We are the UK savings marketplace for Raisin, one of Europe’s most successful technology-led financial services companies. We connect you with a range of banks and building societies offering deposit-protected savings accounts with competitive interest rates, making it easier for you to grow your money. Using our savings marketplace is simple. By registering for a Raisin UK Account, you'll only ever need to fill in one application form. Then you can browse, apply for and fund a range of savings accounts, and manage everything under one roof. No paperwork or endless passwords to remember - just a free, easy way to grow your savings.