London, 10th April, 2025 – LHV Bank, a fully-licensed UK bank, today launched its highly competitive Fixed Rate Savings Account, with an annual interest rate of 4.65% AER.

Now available directly to customers for the first time via the LHV Bank mobile app, LHV’s 4.65% AER 1-year bond is the joint third best rate in the market, offering UK savers a secure, reliable way to grow their money – particularly valuable during a period of market volatility.

LHV Bank is already well-established in the UK savings space. Since 2023, nearly 20,000 UK customers have opted for its savings products via deposit aggregator platforms, collectively saving over £500 million.

While many providers continue to offer uncompetitive savings rates, LHV Bank stands apart by offering high-value savings options through straightforward app-based banking.

By prioritising digital-first, transparent services, the bank helps everyday savers take greater control of their finances and plan confidently for the future. 

Erki Kilu, CEO of LHV Bank, said: “LHV Bank is built for savers – a commitment that is reflected in the products and services we offer. At a time when market volatility is putting extra pressure on personal finances, our new 1-year bond offers customers a fantastic option for growing their money and taking control of their financial future. We believe that customers deserve better value savings rates than they are routinely being offered.”

LHV Bank has been built on the promise of effortless, digitally-led banking that prioritises security, reliability, and better rates for customers. Today’s launch follows LHV Bank’s strong 2024 financial performance, during which deposits tripled – growing by 182% – with the loan portfolio expanding by 318%. These achievements underscore LHV Bank’s commitment to providing best-in-class digital experiences, and passing on savings to customers through higher interest rates.