We Are Zenith Bank

Zenith Bank
Q: Are there limits on the amounts I can invest?

Yes, there is a minimum deposit requirement of £1,000 and the maximum deposit that we will accept is £2,000,000.

Q: Will I have online access to view my account?

No, there is no online access available for our deposit accounts.

Q: Are you fully authorised and regulated?

Yes. Zenith Bank (UK) Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. You can confirm the full status on the Financial Services Register by clicking here.

Q: Am I eligible for a deposit account?

Our accounts are available to individuals, aged 18 years or over, who are resident in the UK. Also, you must have a personal UK bank or building society account that allows transfers to be made to and from it.

Q: How do you verify my personal details?

We verify your personal details, including identity, address and bank account information through an online system immediately after you submit your application. The online system includes credit data information and the UK national voters' roll. In some cases, we may need additional identification in order to be able to proceed with your application such as a passport.

Q: Do you offer the ability to apply as a joint account holder?

Yes, up to 2 people can apply for a single product.

Q: Will my deposit be protected?

Yes. Deposits with Zenith Bank (UK) Ltd are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS) for each eligible depositor. The FSCS is the United Kingdom's statutory deposit guarantee scheme and is designed to ensure your deposits are protected should a bank become insolvent. For further information about the FSCS please click here.

Q: Are you a UK based bank?

Yes, Zenith Bank (UK) Ltd is based in London.

Q: Can I apply for an account over the phone, by post or in a branch?

No. We only accept fixed deposit applications online through our website.

Q: What time period do I have to fund my deposit?

Your transfer must reach us within 14 calendar days from application approval date to qualify for the interest rate you have applied for.

Q: What happens after I have completed my application?

Once you have submitted your application:

  • If your application is successful, you will receive an email with the bank details you need to fund your new account.
  • If we need additional information from you to complete your application, you will be provided with details of what you need to send to us.
  • If your application is unsuccessful, you will be advised that we are unable to open an account for you at this time.
Q: How can I transfer money to my new account and start saving?

Once your application is complete you will receive an email with the account number and sort code you need to deposit funds into your account. You must send the payment from your nominated account. Any deposits made before 12:00pm (Monday to Friday) will be processed that day. Deposits made after 12:00pm may not be processed until the next working day.

We do not accept cash or cheque deposits for this service.

Q: When is interest paid?

Interest will be paid annually. 14 calendar days before the interest payment is due, a confirmation of the amount to be paid will be sent to you via email.

Q: What happens on the maturity of my fixed term account?

On maturity, your principal sum plus annual interest will be paid back to your nominated account. 14 calendar days before the maturity payment is due, confirmation of the principal amount plus final interest payment to be paid will be sent to you via email.

Q: Can I withdraw funds from my fixed term deposit account before its maturity date?

Our fixed term deposit accounts do not allow for funds to be withdrawn during the term of the deposit. There may be exceptional circumstances where we may allow your account to be closed early like death, terminal illness or bankruptcy. In such circumstances, please contact us in writing.