What happens when my fixed rate bond matures?

Before your fixed rate bond matures, Secure Trust Bank will be in touch to let you know your options. If you do not reply, your funds will be transferred to a Matured Funds Access Account.

Can I open a joint savings account?

Yes, with the exception of cash ISAs, you can open joint savings accounts with Secure Trust Bank.

How do I pay money into my account?

You will need to transfer funds electronically from your nominated account.

Secure Trust Bank savings review

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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.

Secure Trust Bank's top savings rate of 4.22% is available on one of its cash ISA accounts.

Easy access

Cash ISAs

Fixed-rate bonds

Easy access savings accounts

Table: sorted by interest rate

Secure Trust Bank's best easy access rate of 3.5% is significantly lower than today's market-best rate of 6%.

1 of 1 result

Account type	Withdrawals	Min. opening balance	Rate	Deposit protection	Open via	Incentive
Secure Trust Bank Access Account (Issue 26)	Variable	Easy access	£1	3.50% AER variable		Open via: website.	Go to site More info Compare product selectionCompare	loading

Showing 1 of 1 result

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Cash ISAs

Table: sorted by interest rate

Secure Trust Bank's best cash ISA rate of 4.22% is lower than today's market-best rate of 6%.

4 of 4 results

Rate	Minimum investment	Interest paid	Withdrawals	Deposit protection	Incentive	Table product description
Secure Trust Bank 3 Year Fixed Rate Cash ISA (27.Apr.29)	4.22% AER fixed for 3 years	£1,000	Annually	Withdrawals not permitted	Open via: website.	Go to site More info Compare product selectionCompare	loading
Secure Trust Bank 2 Year Fixed Rate Cash ISA (12.Apr.28)	3.50% AER fixed for 2 years	£1,000	Annually	Withdrawals not permitted	Open via: website.	Go to site More info Compare product selectionCompare	loading
Secure Trust Bank 18 Month Fixed Rate Cash ISA (12.Oct.27)	3.50% AER fixed for 1.5 years	£1,000	Annually	Withdrawals not permitted	Open via: website.	Go to site More info Compare product selectionCompare	loading
Secure Trust Bank 1 Year Fixed Rate Cash ISA (13.Apr.27)	3.50% AER fixed for 1 year	£1,000	Annually	Withdrawals not permitted	Open via: website.	Go to site More info Compare product selectionCompare	loading

Showing 4 of 4 results

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Fixed-rate bonds

Table: sorted by interest rate

Secure Trust Bank's best fixed-rate bond rate of 3.5% is lower than today's market-best rate of 4.75%.

3 of 3 results

Rate	Invest	Interest paid	Withdrawals	Open via	Deposit protection	Incentive	Table product description
Secure Trust Bank 2 Year Fixed Rate Bond (12.Apr.28)	3.50% AER fixed for 2 years	From £1,000	Annually	Withdrawals not permitted	Website	Open via: website.	Go to site More info Compare product selectionCompare	loading
Secure Trust Bank 1 Year Fixed Rate Bond (13.Apr.27)	3.50% AER fixed for 1 year	From £1,000	Annually	Withdrawals not permitted	Website	Open via: website.	Go to site More info Compare product selectionCompare	loading
Secure Trust Bank 18 Month Fixed Rate Bond (12.Oct.27)	3.50% AER fixed for 1.5 years	From £1,000	Annually	Withdrawals not permitted	Website	Open via: website.	Go to site More info Compare product selectionCompare	loading

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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, fixed-rate bonds
Best easy access rate	3.5%
Best cash ISA rate	4.22%
Best fixed-rate bond rate	3.5%
Fixed bond terms	1 year - 2 years
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 (for cash ISAs). 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 £120,000 by the Financial Services Compensation Scheme (FSCS).

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 £120,000 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.
No short-term fixed rate bonds. The shortest term is currently 3 years.

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

Secure Trust Bank offers a number of competitive savings accounts, including fixed rate accounts for those with a lump sum to invest, an easy access account and cash ISAs.

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 is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

Sources

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Written by

Rachel Wait

Writer

Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full bio

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