Recognise Bank Unveils New Savings Accounts to Empower Personal and Business Customers’ Financial Growth

Recognise Bank, a fully licensed London-based digital bank, continues to demonstrate its commitment to providing innovative and customer-centric savings solutions with the launch of two exciting new products: the 5 Year Fixed Rate Personal Savings Account and the 6 Month Fixed Rate Business Savings Account.

Recognise Bank is dedicated to empowering both personal and business customers to achieve their financial goals with confidence and ease.

The two savings accounts are the latest product launches from Recognise, who have launched four new savings products in the last two months in efforts to stay competitive and best serve the diverse needs of the bank’s clientele.

Introducing the 5.75% AER 5 Year Fixed Rate Personal Savings Account:
Designed for individuals seeking a long-term financial solution, Recognise Bank’s 5 Year Fixed Rate Personal Savings Account offers a competitive Annual Equivalent Rate (AER) of 5.75%. With this account, customers can grow their savings steadily and securely over an extended period, providing stability and financial peace of mind.

Introducing the 4.10% AER 6 Month Fixed Rate Business Savings Account:
Recognise Bank’s 6 Month Fixed Rate Business Savings Account presents entrepreneurs and business owners with a lucrative opportunity to maximize their savings. With an impressive interest rate of 4.10%, this account ensures a strong return on investment within a short timeframe, supporting business growth and financial stability.

Both savings accounts exemplify Recognise Bank’s commitment to excellence, ensuring the highest level of customer satisfaction. The bank is proud to maintain an ‘Excellent’ rating on Trustpilot, reflecting the positive experiences of its customers.

“Recognise Bank is dedicated to empowering our customers to achieve their financial aspirations,” says Monna Patel, Head of Savings at Recognise Bank. “We believe these new savings accounts will provide customers with the stability, growth, and flexibility they need to build a strong financial foundation.”

To learn more about Recognise Bank’s new savings accounts or to open an account, visit www.recognisebank.co.uk.

Steve Pateman

Steve has had an extensive executive career in banking, leading corporate and commercial banking businesses at RBS/NatWest, managing Santander’s UK banking businesses and as CEO of Shawbrook Bank, Hodge Banking Group and most recently successfully leading the banking licence application for StreamBank.

He is a non-executive Director at Bank of Ireland both in the UK and Dublin and Thin Cats, a specialist SME lending business and is retained as an advisor to Black Lion Ventures. He was previously President of the Chartered Banker Institute.

Steve took up the role of Chair (subject to regulatory approval) at Recognise Bank in November 2024, having served as an Investor Non-Executive Director since January 2024.