Your eligible deposits with Recognise are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This means in the unlikely event that Recognise were to fail or become insolvent, any deposits you hold below this limit will be protected under this scheme. Deposits above this amount are unlikely to be covered. For more information visit www.fscs.org.uk.
In order to check how much of your money is protected by the FSCS, please visit the FSCS protection checker at Bank & savings protection checker | Check your money is protected |FSCS
- Earn 0.75% gross p.a. / 0.75% AER
- Deposit from £1,000 upto £85,000. (Joint account holders £170,000) – You may hold a maximum of £85,000 across all your Accounts – including both for sole accounts and all your shares in Joint Accounts.*
- Deposit money in minutes
- Manage simply and securely online
- Up to two account holders welcome
- Interest paid into your Notice Account or Nominated Bank Account**, or any other Accounts that you have with us. You choose.
- Withdraw money from your account by giving us at least 95 days’ notice
- Grow your savings by making regular deposits
*When calculating your combined balance across all of your Recognise Accounts, we’ll treat any balances held in Joint Accounts as being shared equally between both account holders. For example, if you hold £20,000 in a sole account and hold £30,000 in a Joint Account with us, we’ll consider you to hold half of the Joint Account balance (i.e. £15,000) and therefore your combined balance is £35,000. We will reject and return any deposits that would take you over the maximum balance and if this happens we’ll return these to the originating bank without interest.
**Your Nominated Bank Account is the UK current account in your name, from which you can make and receive payments (including interest) to and from your Recognise Savings Account.
95 Day Notice Account – Issue 3
We’re giving your savings a purpose again
Recognise is the bank for extraordinary savers, who appreciate the importance of making a positive contribution to society. When you save with us, your money is 100% protected by the FSCS (limits apply). Your savings help us provide loans to growing small and medium sized businesses, who are the engine-room of the UK economy and who, right now, need support more than ever. So, by choosing Recognise, you can be sure you’re getting a fair and worthwhile return and you’re making a positive difference to communities, factory floors and in office blocks up and down the country.
Guidance & Information
Literature & Guides
All you need to know about our savings products
Protecting your savings
FSCS protection and keeping your money safe
Information to help you open your savings account with us
A reminder of our interest rates
View all of our products and interest rates on one page
How do I pay in?
Funding your new Recognise savings account.
Frequently asked questions
Commonly asked questions and answers relating to our savings products