Recognise Bank: Enters personal savings market

Recognise Bank: Enters personal savings market

• Recognise Bank announced that it is entering the personal savings market with the launch of a range of fixed-rate and notice accounts
• Launched at the end of last year, initially providing commercial loans and mortgages to the under-served SME business sector
• The bank has now unveiled its first personal savings accounts, to be followed by business savings
• This follows the lifting of deposit restrictions by the PRA (Prudential Regulation Authority) earlier this month
• Following the launch of personal savings accounts plans to introduce business savings accounts later in the autumn
• It has built a network of regionally based Relationship Managers who understand the needs of local businesses