Following the Bank of England rate increase, Recognise Bank has announced it will be increasing its rates by 0.25% AER across all their Business and Personal Savings variable products.
Monna Patel, Head of Savings at Recognise Bank, said: “I am thrilled to announce that we are increasing the savings rate for all our Personal and Business Variable Savings customers. This is fantastic news for or savers and reflects our commitment in supporting our UK savers.”
The new rate increase will be effective from Monday 17th April 2023 across all our variable savings products.
All of Recognise Bank’s Savings Accounts are FSCS protected up to the maximum for £85,000. They have been designed to be quick to open and easy to manage online, with telephone customer service support if required. Savers also don’t need to have a current account or any other product with Recognise to be able to open a Savings Account.