Streambank

mills112

Another name on the leader board for 1 year fixed rate savings.

Anyone got experience of this bank?

poseidon1

They are a brand new bank with only 2 full years of trading accounts under their belt.

Profit before tax for 2024/25 just £1.5 million on specialist bridging and commercial lending activities.

Seem to be offering slightly above average fixed rate products but no instant access, interest is on a monthly or annual interest basis, but maximum deposits ( unusually) limited to £120k. Probably a wise limitation at this early stage of their trading history.

mills112

https://forums.moneysavingexpert.com/discussion/comment/81981231#Comment_81981231

interesting that they have already made a profit when new banks tend to make losses, like recognise bank.

yeah, i am looking for a 1 year bond as i have two coming out of their fixed term next month. not sure if i can risk going with this bank? of course, under 120k

Bigwheels1111

Why bother several well known banks and building society's have a better offer.

Market harborough for one

Mrs_Trellis_of_North_Wales

I had their 90-day notice account for several months in 2024 and didn't experience any problems. The website was always functional and easy. I don't think they have an app.

mills112

https://forums.moneysavingexpert.com/discussion/comment/81981809#Comment_81981809

i looked up market harborough and it isn't a bank?

found it. it only pays 4.25% pa for 2 year bond and don't offer one year bond.

montventoux

DW has had a couple of one year fixed rate bonds (monthly interest) over the last couple of years with Streambank. Her experience has been positive.

Bigwheels1111

https://forums.moneysavingexpert.com/discussion/comment/81981885#Comment_81981885

Ok, try this, I've had over 50k with Al rayan in the past were great. 4.7%

https://savings.meteoram.com/savings/fixed-term/10585?utm_source=Moneyfacts&utm_medium=Partner&utm_campaign=Moneyfacts+Website