Interest Rates Increased on Current 35 Day Noticeand 95 Day Notice Savings Accounts.
Recognise Bank has increased the rates on its current 35 Day Notice and 95 Day Notice Personal Savings Accounts. The 35 Day Notice Account now pays an interest rate of 1.25% AER, while the 95 Day Notice pays savers 2.20% AER.
Announcing the new rates, Dean Carter, Group Treasurer of Recognise Bank, said: “It’s an uncertain world at the moment with economic upheaval and spiralling costs, so we want savers to know they can rely on Recognise Bank. We offer consistently good rates, a choice of products, the ease and convenience of online saving, and the peace of mind that their money is safe with FSCS protection.”
Recognise Bank’s Personal Savings Accounts have been designed to be quick and easy to open and simple to manage online, with telephone customer support. The accounts are also protected by the FSCS up to a maximum of £85,000.