Secure: we have conservative loan to deposit ratios and almost all our loans are secured by residential property at a low loan to value ratio.
Simple: our balance sheet is unusually easy to understand. Our surplus is kept at the Bank of England, invested in gilts or placed with a small number of highly rated financial institutions.
Straightforward: if you are an existing client – there are no forms to fill in when you open an account or withdraw your money, subject to the appropriate security checks. Very few other banks work like this.
Flexible: as with all our services, we are extremely flexible – so for example we can create an entirely bespoke length of fixed term deposit account for you up to a maximum of five years.
Competitive: our standard rates of interest are generous. If you have banked with us for over four years, you will qualify for a loyalty deposit account which provide an even higher rate of interest.