Recognise Increases Business Easy Access Savings Account Rate to 0.75% AER
Updated:The rate on this product has now been changed. Find the latest rate on the product page. Recognise Bank has increased the rate of its new Business Easy Access Savings Account to 0.75% AER, a rise of 20 basis points. The rate increase will benefit both new and existing customers. For so long business savings […]
Recognise Bank Launches First Easy Access Business Savings Account
Research by Recognise shows that almost half of SMEs leave their surplus cash in a business current account earning little or no interest Challenger bank, Recognise Bank, has launched an Easy Access Savings Account for hard pressed small businesses. Recognise says SMEs could be missing out on hundreds of pounds in potential interest income by […]
Recognise Bank Provides £5m Commercial Loan to Property Developer
Purely commercial deal completes two weeks ahead of schedule Recognise Bank has agreed a £5 million commercial loan with property company Grangewood Investments Ltd. The loan was made so that the developer could refinance and raise equity on two commercial investment properties on the Oakwood Hill Industrial Estate in Loughton, Essex. One building houses serviced […]
Recognise Bank Tops £100m in Lending
Recognise reaches SME lending milestone just six months after full licence, also clocking up £95m in savings deposits. Little more than six months after achieving its full banking licence in September 2021, Recognise Bank has announced that it has delivered over £100 million in lending to the UK’s SMEs, hitting the ambitious target it set […]
£2m Loan Completes in 23 Days from Credit Approval
Teamwork with Bank and broker to meet client’s tight timescales Recognise Bank has completed a £2 million loan for a city centre office premises in just 23 days from credit being agreed to the funds being drawn down. Tight timescales were set by the client, so Recognise Bank’s Relationship Manager Paul Bagan, along with colleague, […]
Loan supports ground-breaking healthcare project
The Bank has agreed a £2.9 million deal to help fund the creation of a new dementia care village in Suffolk Recognise Bank is working with the Central and Regional Estates (CARE) Healthcare Team to fund a ground-breaking new approach to dementia care. The Bank has provided an interest only three-year term commercial facility for […]
The advantages of bridge-to-term loans
Chris Stevens, Recognise Bank’s Bridging Specialist, explains reasons behind the growing popularity of bridge-to-loan facilities The advantages of bridging loans are well known among borrowers looking for speed and flexibility — especially if they’re buying at an auction or wanting to acquire a new property while still in the process of disposing of an existing […]
Recognise Bank Builds Loan Partnership with Galliard Homes
New facility has already delivered £10m in bridging finance for a range of property deals Recognise Bank has agreed a multi-million pound “loan on loan” partnership with bridging loan specialist, Reflex Bridging, which is run by property developer Galliard Homes. Under the facility, Recognise will part-fund a number of Reflex’s bridging loans, with the bank […]
We pass on Base Rate increase to all existing variable rate savers
Following the decision by the Bank of England on 3 February to increase the Base Rate from 0.25% to 0.50%, Recognise Bank passed on the full 0.25 percentage point increase to all its existing personal savings customers with variable rate accounts. Recognise also passed on the full 0.15 percentage point increase to its variable rate […]
Dean Carter appointed as Group Treasurer
Carter brings huge experience of banking and building society sector Recognise Bank has announced that Dean Carter is to become the SME bank’s Group Treasurer. Carter had been working with the Bank last year as it achieved full authorisation, launching a range of personal savings products in September 2021. He is now taking on the […]
