Chetwood Bank, a UK-based digital challenger bank, has introduced a new range of fixed rate savings accounts, offering customers a selection of short-, medium-, and long-term savings options with competitive interest rates.
The latest products require a minimum deposit of £1,000, with no upper limit, and benefit from protection under the Financial Services Compensation Scheme (FSCS).
This move follows the bank’s recent expansion of its savings offerings, including the introduction of an Easy Access savings account in October 2024. That product launch coincided with the company’s transition from Chetwood Financial to Chetwood Bank.
Ben Mitchell, savings director of Chetwood Bank, said, “These new products are only the beginning for this exciting and transformative chapter for Chetwood Bank. I believe we have the vision, the technical expertise and the platform to put ourselves first in the minds of savers who want more choice and simple products from their bank. Watch this space as we proceed through 2025.”
Paul Noble, CEO of Chetwood Bank, added, “Now’s the time for UK banks to do everything they can to give power back to savers and ensure they have the tools they need. I’m proud that Chetwood Bank is fulfilling its commitment to providing easy-to-use, no-nonsense savings products, and I know that we will continue to do all we can in the months and years to come.
Chetwood Bank, a trading name of Chetwood Financial, is a UK-based digital challenger bank focused on making personal finance simpler and more accessible. The bank’s digital-first approach ensures fair pricing and transparency, offering a range of straightforward financial products.
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