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Close Brothers Savings review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Close Brothers Savings pays a variable 3.85% on an easy access account and returns withdrawals by the end of the next business day, so it suits UK savers who want a fair return without locking money away. The £10,000 minimum deposit means it works for savers with a sizeable balance rather than those starting small.

Key facts

Best for
Savers with a sizeable balance who want a variable rate and money back on request.
Headline rate
3.85%↗
Rate type
Variable↗
Minimum deposit
£10,000↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Unlimited withdrawals on request, repaid by end of next business day↗
Account kind
Easy access↗
Legal entity
Close Brothers Limited↗
Headquarters
United Kingdom↗
Founded
2008↗
Support channels
Phone, Email, Help-centre↗
Official website
closesavings.co.uk

Facts checked September 26, 2026, 5 sources

Apps and profiles

Elsewhere
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Pros and cons

Pros

  • Deposits are covered to FSCS up to GBP 85,000 and the provider is Close Brothers Limited
  • A British provider based in the United Kingdom, running the savings range since 2008
  • Support runs on phone, email and help centre, so help is available by phone, email or the help centre

Cons

  • A £10,000 minimum deposit, well above the €0.17 median across savings listings
  • A variable rate means the return can move, and the easy access account offers no term to lock it in

Ready to try Close Brothers Savings?

Scored 8.7 / 10 by SumCue.

See alternatives

Who it suits

  • UK savers with a sizeable balance who want easy access to their money at a variable rate
  • Anyone keeping an emergency pot in savings and needing the cash back by the next business day

Who should look elsewhere

  • Savers starting with a small amount, who would find Wise easier to begin with
  • Anyone wanting a rate fixed for a set term, which Finteres is built around
  • Savers who want help by live chat or in person, since the listed channels are phone, email and help centre

Deposit protection

Balances are covered to FSCS up to GBP 85,000, so money up to that limit sits with the protection scheme. The provider is authorised and supervised by the Prudential Regulation Authority in GB under reference number 124750. Together, the supervision and the protection limit set the floor for how the money is safeguarded if the firm were to fail.

How it compares on our data

On headline rate the account sits at position 172 of 488 brands, so the return is competitive without being the highest available. The minimum deposit tells a weaker story, at position 374 of 379 brands, which points to a high entry bar for anyone opening the account for the first time.

How Close Brothers Savings compares

Where Close Brothers Savings is available

Available
United Kingdom
Licence in United Kingdom
Prudential Regulation Authority (124750), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does the easy-access account pay?+

The account pays a variable headline rate of 3.85%, which moves with market conditions instead of being locked. That sits above the 3% median headline rate across the savings listings, and the rate type is listed as variable, so it can rise or fall over time.

How much do I need to open the account?+

The minimum deposit is £10,000, which is the main hurdle for anyone starting out. Across the savings listings the median minimum deposit is €0.17, so the entry bar here sits well above the typical one on the table.

Is my money protected if the provider fails?+

Deposits are covered to FSCS up to GBP 85,000, under the protection scheme named in that limit. The firm is authorised and supervised by the Prudential Regulation Authority in the United Kingdom, which carries reference number 124750, so supervision and deposit protection both apply.

Who runs the account?+

The account is provided by Close Brothers Limited, a provider based in the United Kingdom whose savings range has been running since 2008. It operates in a single market, so the account suits savers who hold pounds in Britain rather than money spread across several countries.

How do I get help from support?+

Support runs on phone, email and help centre, which covers phone, email and a help centre only. There is no branch or live chat option among those channels, so anyone who prefers in person help or an instant chat response should account for that before opening the account.

How does the rate compare with other providers?+

On headline rate the account sits at position 172 of 488 brands on the data, with a return above the 3% median. Wise pays 3.29% and bunq 3.01%, both lower, so the rate is the stronger side of the case.

Can I lock the rate for a set term?+

The rate is variable, so the return can move rather than staying fixed, and the account kind is easy access. Savers who want a guaranteed rate for a set period would need a fixed account instead, such as Finteres, whose headline rate runs 0% to 36%.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Close Brothers Savings

Savers with a sizeable balance who want a variable rate and money back on request.

8.7/10See alternatives