GB Bank

GB Bank

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

All offers from GB Bank

4.75 % AER variable
35 day
4.80 % AER variable
65 day
4.85 % AER variable
95 day
4.60 % AER variable
Easy Access
4.99 % AER
3 months
5.02 % AER
1 year
4.70 % AER
2 years
4.55 % AER
5 years

About GB Bank

GB Bank is a bank with a purpose and a bank on a mission.  After receiving its full UK banking licence in August 2022, the award-winning bank is already driving a positive change in the local community and beyond.

GB Bank is a specialist bank that is dedicated to building and re-generating underserved communities across the UK by supplying SME property developers with flexible finance solutions for both commercial and residential developments.  Every penny saved with GB Bank helps to support regional, community developments across the UK.

Bank details

Headquarters: Middlesborough
Year established: 2022

Security and deposit guarantee

Deposits are eligible for protection by the Financial Services Compensation Scheme (FSCS) 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.

Who is Raisin?

We are the UK savings marketplace for Raisin, one of Europe’s most successful technology-led financial services companies. We want to get Britain saving, so we connect savers with a range of banks and building societies offering deposit-protected savings accounts with competitive interest rates.

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.