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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

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

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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