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Re : The Access Bank Uk .

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I have recently opened a 3yr fixed term bond with The Access Bank UK Ltd . This Bank is regulated by FCA & PRA , and Protected by the UK FSCS . To these ends , i am happy with my investment . However , i can find very little financial information about them , as they do not appear on any MSE blog or in any Comparison Sites ! Can anyone explain why this is ?

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  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 10 February 2016 at 10:57PM
    Just because a bank isn't on the MSE blog or Comparison Sites doesn't make them dodgy.

    I take it you double checked they are registered with the FSA ?

    Well they are registered with the FSCS and they are registered with the FCA. Looks ok as a bank to me.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    They are unlikely to feature prominently on here since their rates are drat and they have no other attractive offers.
  • pmduk
    pmduk Posts: 10,682 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    There's an article here from This is Money about them. NB it's from last year, I haven't double-checked that the interest rate facts are still current.
  • Thanks for the responses . Yes .... I have checked this bank out . They are offering an interest rate of 2.7% over the 3 years . This is among the few top quoted rates on offer at present .... I can only find Al Rayan Bank and Fidor Bank , beating it by a very small margin , after searching the comparison sites . However i`m surprised that MSE has never featured them on the site , and i am unable to find a blog on this site ........ Perhaps one of the MSE staff could pass a comment !
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