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Recognise Bank: Savings Account reviews

Name: Savings Account
Rating: 4.81 (118 reviews)

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4.85

Based on 118 reviews, last reviewed 14th Apr 2024

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

88%

2 star

Latest highest rating:

5

Amazing service, great way to save money Amazing service, great way to save money Reviewed on: 14th April 2024

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 this product

Recognise Bank offer a personal savings account which has a 95 day notice period for withdrawals.

You can apply for the account online and it has no monthly fees. You’ll need to deposit between £1,000 and £85,000 (for individuals) and £170,000 (for joint accounts).

Recognise Bank Personal Savings Account reviews help you find out what it’s really like to be a customer. If you’ve used Recognise Bank before, you can also leave a review and share your experience.

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Recognise Bank Savings Account reviews (118)

Excellent experience and savings rate

Excellent experience and savings rate Reviewed on: 26th February 2024

Excellent bank with great products and easy to use

Excellent bank with great products and easy to use Reviewed on: 26th February 2024

Everything was done online no problems

Everything was done online no problems Reviewed on: 26th February 2024

Seamless application process, great online banking.

Seamless application process, great online banking. Perfect! Reviewed on: 26th February 2024

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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