Chetwood Bank, the Wrexham-based digital challenger bank, is launching a new range of fixed rate savings accounts.
The new fixed rate products have a minimum deposit of £1,000 with no maximum deposit, with savings protected under the Financial Services Compensation Scheme.
Chetwood Bank said it was expanding its savings portfolio as part of its mission to provide “no-nonsense savings products” to UK customers. The launch follows the introduction of an Easy Access savings product in October 2024 which was announced in conjunction with the bank’s rebrand from Chetwood Financial.
Chetwood Bank will continue to update its savings and mortgages ranges throughout the coming year as it fulfils its plan to establish itself as a leading digital challenger bank in the UK, it said.
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.
