Racing Bank deposit accounts
Grow, manage and preserve your wealth
At Weatherbys Racing Bank we offer a range of deposit accounts to help you manage your money over the short, medium and long term.
Fixed-term deposit accounts
Earn a fixed rate of interest on your savings by investing for a defined period of time.
Notice accounts
Interest rates on our notice accounts are variable and paid quarterly.
Instant access accounts
Our instant access accounts allow you to access your savings at any time and from anywhere.
Why choose Weatherbys for deposit accounts?
FSCS protected
All of our deposit accounts are protected under the UK Financial Services Compensation Scheme (FSCS). The FSCS provides protection up to a limit of £85,000 per customer, per bank. If you have a joint account, and no other accounts of your own, you will each receive up to £85,000.
Minimal paperwork
Unlike many banks, we keep the forms for you to complete to a minimum. In some cases, no forms will be required at all. Simply get in touch and ask to open a deposit account of your choice.
Secure
Security is very important and it is why we maintain a strong balance sheet with a conservative loan-to-deposit ratio. We have far greater levels of deposits than we do outstanding loans and the majority of any surplus cash on our balance sheet is held with the Bank of England.
Highly competitive
We review our deposit rates frequently to ensure they provide a fair return.
Featured deposit account
1 Year Fixed Term Deposit Account
Choose our 1 Year Fixed Term Deposit Account if you are looking for an account that matures in one year.
6 Month Fixed Term Deposit Account
Choose our 6 Month Fixed Term Deposit Account if you are looking for a short-term investment.
1 Year Loyalty Fixed Term Deposit Account
Choose the 1 Year Loyalty Fixed Term Deposit Account if you are looking for an account that matures in one year. This account is available to clients that have been banking with us for 4 years.
1 Year Fixed Term Deposit Account
Choose our 1 Year Fixed Term Deposit Account if you are looking for an account that matures in one year.
2 Year Loyalty Fixed Term Deposit Account
Choose the 2 Year Loyalty Fixed Term Deposit Account if you are looking for an account that matures in two years. This account is available to clients that have been banking with us for 4 years.
2 Year Fixed Term Deposit Account
Choose our 2 Year Fixed Term Deposit Account if you are looking for an account that matures in two years.
3 Year Fixed Term Deposit Account
Choose our 3 Year Fixed Term Deposit Account if you are looking for a longer term investment.
5 Year Fixed Term Deposit Account
Choose our 5 Year Fixed Term Deposit Account if you are looking for a long term investment.
45 Day Notice Account
All sums deposited in this account are subject to the 45 days notice requirement prior to withdrawal. Interest is paid quarterly on balances over £10,000.
90 Day Notice Account
All sums deposited in this account are subject to the 90 days notice requirement prior to withdrawal. Interest is paid quarterly on balances over £10,000.
250 Day Notice Account
All sums deposited in this account are subject to the 250 days notice requirement prior to withdrawal. The interest rate for the 250 Day Notice Account is guaranteed to pay 0.15% below the UK Base Rate. Interest is paid quarterly on balances over £10,000.
120 Day Notice Account
All sums deposited in this account are subject to the 120 days notice requirement prior to withdrawal. Interest is paid quarterly on balances over £10,000.
July 2025 Tax Payment Deposit Account
The maturity date of this deposit will be 14th July 2025.
January 2026 Tax Payment Deposit Account
The maturity date of this deposit will be 14th January 2026.
July 2026 Tax Payment Deposit Account
The maturity date of this deposit will be 14th July 2026.
January 2027 Tax Payment Deposit Account
The maturity date of this deposit will be 14th January 2027.
Private Reserve Account
An instant access account available to Weatherbys Private Bank clients. Interest is paid quarterly.
Jockey Savings Plan (JSP)
An instant access account available to licensed BHA jockeys.
To view the current Weatherbys Racing Bank base rate, please click here.
Our products are exclusively available to clients of Weatherbys Bank.
Protecting your money
Your eligible cash deposits held with Weatherbys Racing Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.
For further information please click here or visit www.fscs.org.uk