Castle Trust Bank
General Information
Overview
Castle Trust launched in October 2012 and is backed by US private equity giant, J. C. Flowers & Co. It applied for a banking licence in 2018 and was authorised with restrictions in March 2020 before gaining full authorisation in June 2020. It initially offered savings products only to its existing 'Fortress Bond' customers, who had their bonds converted to savings accounts, but has subsequently launched savings to new customers in August 2021.
Banking Licence
Castle Trust Bank have their own banking licence which isn’t shared with any other banks
Registration Numbers
Companies House Registration: 07454474
Financial Conduct Authority: 541910
Based: Basingstoke
Date Launched: August 2021
FSCS Protected? Yes
Branches: Castle Trust Bank does not have any branches
People of Interest
Head of Savings
Nick Bennett, who is Chief Technology and Operations Officer, is responsible for savings
Chief Executive
Martin Bischoff
Saving Information
No. of Savers
Unknown
Amount of Deposits
Castle Trust Bank have yet to report financial results but it is expected that most of their £650m of Fortress Bonds have transferred to savings
Loan Book
£445m as at 30th September 2020
Account Opening and Management
How Do I Open a Savings Account
Internet, Mobile App
How Do I Manage a Savings Account
Internet, Mobile App
Lending Activities
Castle Trust Bank is active in two lending markets:
1) Buy to let mortgages and bridging to let for professional landlords - including holiday lets, houses of multiple occupation (HMO) and residential buy to let
2) Development Finance to professional property developers
Reviews
Feefo Reviews
No reviews on Feefo
Trustpilot Reviews
Savings Guru Verdict
Castle Trust launched with a range of fixed rate savings and quickly added fixed rate ISAs to its range. Although many of its best rates are for existing customers only, its 1 and 2 Year Fixed ISAs were best buys when they launched in September 2021. We expect Castle Trust to continue to expand its savings range as the bank develops. It's initial customer service feedback ratings are patchy but we have found them very efficient to deal with.
Contact Information for Castle Trust Bank
Contact Details
Address: Castle Trust Bank, PO Box 6965, Basingstoke, RG24 4XE
Telephone: 0808 164 5000
Website: www.castletrust.co.uk
Email: savings@castletrust.co.uk
Open: Monday to Friday, 9am - 5pm