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

All offers from HBL Bank UK

4.90 % AER
1 year

About HBL Bank UK

The independent HBL Bank UK opened its first branch in London in 1961. Initially known as Habib Bank Limited (HBL), the bank changed its name for the first time in 2001. As Habib Bank UK, it acquired 100% of the shares in Habibsons Bank Limited (HSB) in 2011. Following the acquisition, HAIB’s banking operations were merged with HSB in December 2014 and continued as Habibsons Bank. In 2018, both the trading name and the registered name of Habibsons Bank were changed to “HBL Bank UK Limited”, trading as HBL Bank UK.

Today, HBL Bank UK offers a range of personal, business, and corporate banking services – including traditional banking products, loans and trade finance. Thereby, the bank meets the banking needs of target market customers in the United Kingdom.

HBL Bank UK is authorized by the Prudential Regulation Authority. It is also regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

Bank details

Headquarters: London
Year established: 1961

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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