Metro Bank Savings Accounts

Metro Bank plc, headquartered in London, offers a broad range of savings accounts with competitive interest rates and no hidden fees or charges. You can open an account in store, online and by phone. Your deposits are protected by the Financial Services Compensation Scheme. The company offers four types of savings account: Instant Access Savings, Instant Access Cash ISA, Fixed Term Savings, and Fixed Rate Cash ISA. Rates are accurate as of February 1, 2023.

Instant Access Savings Account
Interest rate: 0.90% AER variable
Interest paid: Monthly
There is no minimum balance required to open an account
You have unlimited access to your money
You can manage account in store, via online, mobile app or by phone
Transfers can be made online and via Faster Payments
The maximum balance: £2 million

Instant Access Cash ISA Account
Interest rate: 1.25% AER variable
The maximum deposit: £20,000
Interest paid: Annually
There is no minimum amount required to open an account
You have unlimited access to your money.

Young Savers Account
Interest rate: 0.95% AER variable
Interest is calculated daily and paid monthly
Minimum balance: £1
Maximum balance that can be held is £2 million
You have unlimited access to your money.
Monthly statements

Fixed Term Saving Account
Terms: 12 months, 18 months, 3 years
Interest rate (annual): 3.01%, 3.01%, 3.51%
Minimum balance: £500
One lump sum deposit
Interest paid: Monthly or annually
Maximum balance that can be held is £2 million
There are no fees and charges

Fixed Rate Cash ISA Account
Fix for one, two, three or 5 years
Interest rate: 3.01% - 4.01% AER
Tax free interest
There is no minimum amount required to open an account
The maximum deposit: £20K
Interest paid: Annually