FCMB Bank (UK) Limited

FCMB Bank (UK) Limited

1 year | GBP
  • FSCS protects deposits up to £85,000 per person

All offers from FCMB Bank (UK) Limited

5.01 % AER
6 months
5.10 % AER
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5.12 % AER
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About FCMB Bank (UK) Limited

FCMB Bank (UK) Limited is headquartered in London and is an independently established wholly owned subsidiary of First City Monument Bank Ltd, which was initially founded in 2009 as an investment company. FCMB Bank (UK) Limited started offering banking services in 2013 and in September 2018, they expanded their portfolio to include retail and corporate banking, catering to the financial needs of businesses and individuals.

FCMB Bank (UK) Limited is committed to achieving a high level of customer satisfaction by offering attractive investment opportunities coupled with honesty, service and respect.

FCMB Bank (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Bank details

Headquarters: London
Year established: 2013

Security and deposit guarantee

Deposits are eligible for protection by the Financial Services Compensation Scheme (FSCS) http://www.fscs.org.uk/. 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.

Timescales for the return of your money can vary between different banks and banking groups. This bank holds funds under a trust model. Funds held under a trust model can take up to three months to be returned, but in most cases will be returned sooner than this.

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