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About Close Brothers Savings

    What is Close Brothers Savings' credit rating?

    Close Brothers Limited is one the UK's highest rated banks with a Aa3 credit rating from Moody’s Investors Service and an A- rating from Fitch Ratings Ltd. These ratings reflect the strength of our business model, prudent approach and solid track record in profitability. 

    Moody's Investors Services                                Fitch Ratings Ltd 
    Short term rating: P1                                              Short term rating: F2
    Long term rating:  Aa3                                            Long term rating:  A-

     

    Is Close Brothers Savings regulated?

    Yes. Close Brothers Savings is part of Close Brothers Limited, a subsidiary of Close Brothers Group plc. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority as well as the Prudential Regulation Authority (firm reference number 124750).

    Is Close Brothers Savings a member of the Financial Services Compensation Scheme (FSCS)?

    Yes. Close Brothers Savings (part of Close Brothers Limited) is a member of the Financial Services Compensation Scheme (FSCS), which protects up to £85,000 of an eligible depositor's funds.

    The £85,000 limit applies per person, per firm. This limit relates to the combined amount in all the eligible depositor's accounts with the firm, including their share of any joint account, and not to each separate account.

    Most depositors - including individuals and small businesses - are covered by the scheme. For further information (including amounts covered and eligibility to claim) please read this FSCS leaflet or visit FSCS.org.uk or call 0800 678 1100.

    Who is Close Brothers?

    Close Brothers Savings is part of leading UK merchant banking group Close Brothers Group plc, founded in 1878. We are committed to the principles of Modern Merchant Banking, serving the needs of today's customers with the traditional values and strength of our heritage. Close Brothers Savings, a subsidiary of Close Brothers Limited, has been providing dedicated personal savings accounts to UK residents and businesses since 2008.