Hodge Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Hodge Bank suits savers in the UK who want simple access to their money without giving up a competitive variable rate. Its easy access account pays 4.01%, takes a minimum deposit of £1 and runs on a bank licence with deposit protection of FSCS up to GBP 85,000.
Key facts
- Best for
- UK savers who want easy access to their money and a variable rate without a notice period.
- Headline rate
- 4.01%↗
- Rate type
- Variable↗
- Minimum deposit
- £1↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Access terms
- Unlimited deposits and withdrawals, no notice required; minimum balance £1, maximum balance £250,000; online banking and nominated UK current account↗
- Account kind
- Easy access↗
- Legal entity
- Julian Hodge Bank Limited↗
- Headquarters
- United Kingdom↗
- Support channels
- Email, Phone, Help-centre↗
- Official website
- hodgebank.co.uk
Facts checked September 26, 2026, 4 sources
Pros and cons
Pros
- Variable rate of 4.01% on an easy access account, with no notice period to withdraw
- Minimum deposit of £1, so the account opens for small savers
- Deposit protection of FSCS up to GBP 85,000 under a bank licence
- Support runs through email, phone and help centre
Cons
- A variable rate of 4.01% can move, so the interest you receive is not locked in
- Access depends on online banking and a nominated UK current account
- The account caps balances at a stated maximum, which can hold larger sums
Who it suits
- UK savers keeping an emergency fund they need to reach quickly
- Anyone who wants a variable rate without committing to a notice period
- Savers who want support by phone rather than online alone
Who should look elsewhere
- Savers who want the rate fixed for a set term
- Anyone without a UK current account or comfort managing the account online
- Savers whose balance sits above the stated maximum balance
Rates and card terms
Hodge Bank pays a variable rate of 4.01% on its easy access savings account. Variable means the rate can change with market conditions, so what you earn is not guaranteed to stay at this level. Deposits and withdrawals are unlimited and no notice is required, and the minimum deposit is £1. The account works through online banking with a nominated UK current account.
How it compares on our data
Against the savings accounts we track, Hodge Bank sits at position 140 of 473 on headline rate. That places its 4.01% variable rate well up the table, ahead of much of the market. On minimum deposit it ranks at 220 of 370, reflecting a low entry point of £1.
How Hodge Bank compares
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Where Hodge Bank is available
- Available
- United Kingdom
- Licence in United Kingdom
- Prudential Regulation Authority (authorised); Financial Conduct Authority and Prudential Regulation Authority (regulated) (204439), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does Hodge Bank pay on its easy-access account?+
Hodge Bank pays a variable rate of 4.01% on its easy access savings account. Because the rate is variable it can move with market conditions, so the figure is what the account pays now rather than a fixed amount locked in.
Is my money protected?+
Yes. The account is offered by Julian Hodge Bank Limited, a bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Deposit protection is FSCS up to GBP 85,000.
How much do I need to open the account?+
The minimum deposit is £1, so you can start with a small amount and add more later. On our data, Hodge Bank ranks at position 220 of 370 for minimum deposit, which puts its entry point near the low end.
Can I withdraw money whenever I want?+
Deposits and withdrawals are unlimited and no notice is required, so you can take money out as often as you need. Access is through online banking with a nominated UK current account, and the account has a maximum balance as well as a minimum.
Who can open this account?+
The account suits UK savers who bank online and can nominate a UK current account for access. Support is available through email, phone and help centre, so you can reach the team by phone or email if the online route is not convenient.
How does the rate compare with other savings accounts?+
Hodge Bank sits at position 140 of 473 on headline rate in our savings data. Its variable rate of 4.01% is well above the typical range most tracked accounts pay.
Sources
- hodgebank.co.uk checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“Its registered office is One Central Square, Cardiff, CF10 1FS.”
- hodgebank.co.uk/help-and-support/contact-us checked September 26, 2026
Backs: Support channels
“Savings New savings customers - Email Email our team for support; Telephone Our phone lines are open Monday to Friday 9am - 5pm 0800 028 3746; FAQs”
- hodgebank.co.uk/savings checked September 26, 2026
Backs: Account kind
“Easy Access 4.01% AER, No fixed term, Variable, Unlimited - access your savings any time”
- hodgebank.co.uk/savings/easy-access checked September 26, 2026
Backs: Access terms, Headline rate, Minimum deposit, Rate type
“Unlimited deposits and withdrawals, just stay within the account limits of £1 minimum balance and £250,000 maximum balance.”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.
Related by the facts
Hodge Bank
UK savers who want easy access to their money and a variable rate without a notice period.