On 15th June 2020, with the support of our customers, we became a fully authorised bank, authorised and regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. By the end of June 2020, all investments held by our existing customers will be converted into savings accounts, still paying the same return and maturing on the same date. We will write to all our customers to let them know when the conversion has been completed. We will be launching new savings accounts later this year.
What does this mean for our customers?
Customers will now benefit from:
- The same level of FSCS protection as other banks
- Managing their accounts on our new, enhanced Self Service Portal
- A new mobile App coming soon
Customers coming up to maturity will be offered the option to reinvest into a new savings account, and we look forward to offering our savings accounts to everyone else later this year.
Savings accounts for maturing customers
For customers that have received a letter from us about their upcoming maturing account, you can find out more about the accounts we have exclusively available for you here.
When can I open a new savings account?
Our savings products are currently only available to our existing customers whose accounts are maturing. We're very excited to be launching a new range of savings accounts later this year. To be one of the first to know, fill in the form at the bottom of the page and we'll send you our latest news including product launches.