BACB

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

4.37% AER

Term:
1 Year

Account information

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Rate
Duration
Deposit Guarantee
Product Type

Rate

4.37% AER

Duration

1 Year

Deposit Guarantee

£85,000

Deposit Guarantee logo

Product Type

Fixed Term

Product Type

Fixed Term

Top offer from this bank

4.37% AER

Term:
1 Year

Bank Details

BACB is an international bank with over 50 years’ experience, providing global trade finance and treasury solutions to clients trading in and out of specialist markets. With its head office based in the City of London, the Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. BACB leverages its position in the world’s leading financial market to forge close ties with the global banking community. BACB is a trusted partner, active across Africa, the Middle East and Asia, supporting trade flows and connecting those markets with the rest of the world. BACB’s mission is to be “a UK bank delivering trade finance and investment expertise to enable clients, countries and communities to prosper”.

Security & Deposit Protection

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

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