Recognise Bank: Personal Savings Account reviews

Name: Personal Savings Account
Rating: 3 (4 reviews)

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3.00

Based on 4 reviews, last reviewed 11th May 2022

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

50%

4 star

3 star

2 star

50%

Latest highest rating:

5

Matches interest rates changes quickly. Automatically increased rates on notice account, in full within seven days of BoE interest rate changes - so now paying 1.50%. Reviewed on: 5th March 2022

Latest lowest rating:

1

Failed to Pass on Base Rate Rises in March & May to Savers Recognise Bank paying 1.5% on its 95 day notice savings account launched last year which is the same rate as Chase Bank's instant access account. Ther... Read more Reviewed on: 11th May 2022

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About the Personal Savings Account

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Recognise Bank Personal Savings Account reviews (4)

Failed to Pass on Base Rate Rises in March & May to Savers

Recognise Bank paying 1.5% on its 95 day notice savings account launched last year which is the same rate as Chase Bank's instant access account. There should be premium interest rate for having to wait 95 days to access savings but Recognise Bank fleecing savers. Last 2 base rate rises not passed on to its customers. Vote with feet and move savings elsewhere. Reviewed on: 11th May 2022

Failed to Pass on Bank of England's 0.25% Base Rise Rise on 17 March 2022 to Savings Account Customers

Recognise Bank has failed to pass on the Bank of England's 0.25% base rate rise on 17 March 2022, to its saving account customers. Another greedy bank to avoid. Reviewed on: 2nd May 2022

Matches interest rates changes quickly.

Automatically increased rates on notice account, in full within seven days of BoE interest rate changes - so now paying 1.50%. Reviewed on: 5th March 2022

Great response to base rate increases

Recognise seems to be unique in responding to each BoE base rate increase by raising the interest they pay on Notice accounts. Reviewed on: 3rd March 2022

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