Close Brothers
General Information
Overview
Close Brothers is a merchant banking group which was founded in 1878. It comprises three areas of business - banking, asset management and its Winterflood Securities business. The savings division sits within the banking business, Close Brothers Limited, which was formed in 1924 although it didn't launch its current savings operation until 2008.
Banking Licence
Close Brothers Limited have their own banking licence which isn’t shared with any other banks
Registration Numbers
Companies House Number: 00195626 *
Financial Conduct Authority: 124750 *
* Close Brothers Limited
Based: City of London
Date Launched: January 1878
FSCS Protected? Yes
Branches: Close Brothers does not have any branches
People of Interest
Head of Savings
Sonia Soorma
Chief Executive
Adrian Sainsbury
Saving Information
No. of Savers
Unknown
Amount of Deposits
£6.44bn as at 31st January 2021
Loan Book
£7.95bn as at 31st January 2021
Account Opening and Management
How Do I Open a Savings Account
Internet
How Do I Manage a Savings Account
Internet, Post, Telephone
Lending Activities
The banking division of the Close Group has four areas of lending:
* Premium Finance - financing the premiums on insurance policies for individuals and businesses
* Motor Finance - financing new and used cars, commercial vehicles, motor bikes, caravans and motorhomes
* Asset Finance - lending money to businesses to purchase assets for their business, across a wide range of industries including print, manufacturing, construction, transport and engineering
* Invoice Finance - finance to businesses against a proportion of the value of invoices issued
Close has also participated by lending to business via the government's Coronavirus Business Interruption Loan Scheme (CBILS)
Reviews
Feefo Reviews
No reviews on Feefo
Savings Guru Verdict
Close Brothers offer a range of savings products to personal savers (including ISAs), businesses and for SIPP and SSAS pensions. Although the savings business is relatively new, the bank has endured for almost 100 years, it is profitable and well capitalised and is rightly seen as a safe home by many savers. The main downside is that Close Brothers only offer a selection of savings products at any one time so choice for savers is often limited to two or three products.
Contact Information for Close Brothers
Contact Details
Address: 10 Crown Place, London. EC2A 4FT
Telephone: 020 3857 3050
Website: https://www.closesavings.co.uk/
Email: savings@closebrothers.com
Open: Monday to Friday, 9am - 5pm