Secure Trust Bank

Secure Trust Bank savings accounts review

Secure Trust Bank offers a variety of savings accounts with interest rates up to 4.9%.

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Established in 1952 in the West Midlands, Secure Trust Bank offers a range of savings accounts and lending services to more than a million customers.

Easy access savings accounts

Table: sorted by interest rate
Secure Trust Bank's best easy access rate of 4.9% is significantly lower than today's market-best rate of 7.49%.
1 - 1 of 1
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
Secure Trust Bank – Access Account (Issue 13)
Variable
Instant access
£1
4.9% AER variable
FSCS logo
protected
Open via: website
Go to site
View details
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Compare more instant and easy access accounts up to 7.49%

Cash ISAs

Table: sorted by interest rate
Secure Trust Bank's best cash ISA rate of 4.7% is very slightly lower than today's market-best rate of 5.1%.
1 - 4 of 4
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
Secure Trust Bank – 1 Year Fixed Rate Cash ISA (09.Jun.25)
4.7% AER fixed until 09.06.25
£1,000
Yearly
Withdrawals not permitted
FSCS logo
protected
Open via: website
Go to site
View details
Secure Trust Bank – 2 Year Fixed Rate Cash ISA (08.Jun.26)
4.6% AER fixed until 08.06.26
£1,000
Yearly
Withdrawals not permitted
FSCS logo
protected
Open via: website
Go to site
View details
Secure Trust Bank – 3 Year Fixed Rate Cash ISA (07.Jun.27)
4.35% AER fixed until 07.06.27
£1,000
Yearly
Withdrawals not permitted
FSCS logo
protected
Open via: website
Go to site
View details
Secure Trust Bank – 5 Year Fixed Rate Cash ISA (06.Jun.29)
4.05% AER fixed until 06.06.29
£1,000
Yearly
Withdrawals not permitted
FSCS logo
protected
Open via: website
Go to site
View details
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Compare more ISAs up to 5.1%

What is Secure Trust Bank's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Secure Trust Bank offers, plus the highest interest rate currently available.

Savings account types include Easy access, cash ISAs
Best easy access rate 4.9%
Best cash ISA rate 4.7%
Opening options Website
FSCS protection

How to open a Secure Trust savings account

To open an account with Secure Trust Bank, you will need to be at least 18 years old and a UK resident. You can apply for an account online by filling in a short application form – this should only take 10 minutes. You will need to provide personal details including your name, address, email address, phone number and National Insurance number. You will also need to provide details of a UK bank account in your name, which will be your nominated account.

Documents needed to open an account

When you apply for an account with Secure Trust Bank, it will aim to verify your identity electronically via a credit reference agency, so you shouldn’t need to provide any documents.

If your identity cannot be verified this way, you may have to provide proof of ID such as a passport or driving licence.

Is Secure Trust Bank safe?

Yes, Secure Trust Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. All eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS). This rises to £170,000 for joint accounts.

Pros and cons

Pros

  • Flexibility. Secure Trust Bank offers a number of savings accounts, whether you’re looking for easy access or long-term gains.
  • FSCS protection. Money in accounts will be protected up to £85,000 per person.
  • Easy to open an account. The application process should only take 10 minutes, and you shouldn’t need to provide any documents.

Cons

  • No bank branches. You can only manage your account online or by phone.
  • Strict deposit requirements. Each deposit must be for at least £1,000.

Our verdict: Is a savings account from Secure Trust Bank worth it?

Secure Trust Bank offers a number of competitive savings accounts, including a wide range of fixed rate bonds. This means that whether you’re after an easy access account, a short-term fixed rate bond or a longer-term option, there should be something for you.

However, you will need to be happy banking online or over the phone if you want to open an account with Secure Trust Bank. And as always, it pays to shop around to check what else is out there before making any final decisions.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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