Recognise Bank is showing its commitment to supporting the UK’s savers through the launch of new market-leading fixed rate savings accounts.
From today (29th May 2026), Recognise Bank has increased the rate for both one and two year fixed rate savings accounts to a table-topping 4.85% AER.
The accounts are available with a minimum deposit of £1,000 and a maximum deposit of £250,000. Savers can choose to receive interest monthly or annually, with payments made either into another savings account or directly into a nominated UK bank account.
As a fully authorised and regulated UK bank, Recognise is dedicated to providing customers with a secure home for their savings, protected by the FSCS of up to £120,000, at competitive rates. Through these fixed rate accounts, Recognise Bank provides customers with certainty and security, providing a competitive return on their savings over a term that suits them. Alongside fixed rate accounts, Recognise Bank also offers easy access and notice savings accounts.
Richard Burrows, Treasurer of Recognise Bank, commented:
“Offering competitive rates to savers is critical to meeting the financial needs of our customers. The same rate of 4.85%, for both one and two years, gives customers the choice of maturity and invites them to decide for themselves for how long they wish to lock in these competitive rates.”
