LHV Bank tops £1bn in deposits as simplicity and fair value win customer trust

15 January 2026

LONDON, UK – LHV Bank has hit a major retail milestone, surpassing £1 billion in customer deposits since its 2023 launch into the UK. The growth has been driven by strong demand for its clear, fair value banking products, as customers continue to respond to a simple offer with no gimmicks and strong rates as standard.

The £1bn balance has been raised both directly from customers and through deposit aggregator partners, underlining broad support for LHV Bank’s retail proposition across multiple channels.

LHV Bank remains focused on rewarding customer loyalty. Its Current Account pays 3.75% AER interest on positive balances up to £1m, while its Easy Access savings account pays 4% AER on balances up to £100,000. These sit alongside a wider range of savings products, all designed to be clear, flexible and easy to understand.

The bank’s retail success reflects a proposition that is clearly resonating with customers. Further product development and consumer-centric marketing is planned this year, as LHV Bank looks to reach a wider audience across the UK.

Kris Brewster, Director of Retail Banking at LHV Bank, said:

“Reaching £1 billion in retail customer deposits is a significant milestone for LHV Bank and a clear signal that we’ve established ourselves within the UK banking landscape.”

“Customers are choosing us because we offer a transparent, flexible and genuinely rewarding current account and savings products that deliver strong returns without the distraction of bonus rates or hidden conditions. By focusing on simplicity and fair value, we’ve built products that put consumers first and cut through the noise.”

All retail accounts are managed through the LHV Bank app, with deposits protected by the Financial Services Compensation Scheme.