FidBank UK

Banking license: United Kingdom (AA)

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Protection limit: Up to £ 120,000.00 payout in British Pound

Bank Details

Operating from the heart of the City of London since 1983, firstly as the London branch of Union Bank of Nigeria (UBN), and since October 2004 as an independently incorporated UK bank, Union Bank UK plc (UBUK), and subsidiary of UBN. In May 2022, following the sale of the UBN, the shareholding in FBUK was purchased by a group of investors (the previous shareholders of UBN) and we continued to operate as an independent, regulated, UK bank. In July 2023 Fidelity Bank PLC, Nigeria, acquired 100% of the shares of UBUK and the bank was rebranded to FidBank UK as the UK subsidiary of Fidelity Bank PLC. FidBank are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and subscribe to the Financial Services Compensation Scheme.

Security & Deposit Protection

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £120,000 per person, per bank. The FSCS’ £120,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

Who is Raisin?

We are the UK savings marketplace for Raisin, one of Europe’s most successful technology-led financial services companies. We connect you with a range of banks and building societies offering deposit-protected savings accounts with competitive interest rates, making it easier for you to grow your money. Using our savings marketplace is simple. By registering for a Raisin UK Account, you'll only ever need to fill in one application form. Then you can browse, apply for and fund a range of savings accounts, and manage everything under one roof. No paperwork or endless passwords to remember - just a free, easy way to grow your savings.

Als Pionier für Spar-, Investment- und Altersvorsorgeprodukte ermöglichen wir Privatkunden einen unkomplizierten Zugang zu globalen Einlagen- und Kapitalmärkten – ein Vorteil, der auch Finanzinstitute stärkt.

All interest rates displayed are Annual Equivalent Rates (AER), unless otherwise explicitly indicated. The AER illustrates what the interest rate would be if interest was paid and compounded once a year. This allows individuals to compare more easily what return they can expect from their savings over time.
Raisin UK is a trading name of Raisin Platforms Limited which is authorised and regulated by the Financial Conduct Authority (FRNs 813894 and 978619). Raisin Platforms Limited is registered in England and Wales, No 11075085. Registered office: Cobden House, 12-16 Mosley Street, Manchester M2 3AQ, United Kingdom. The information on this website does not constitute financial advice, always do your own research to ensure it's right for your specific circumstances. Tax treatment depends on the individual circumstances of each customer and may be subject to change in the future.

FidBank UK

Bank Details

Security & Deposit Protection

Who is Raisin?

About us

Savings accounts

Guides

Help and contact

About us

Savings accounts

Guides

Help and contact