Wrexham headquartered Chetwood Bank has seen its customer deposits surpassing the £4bn mark. This marks a major milestone in the bank’s rapid growth and its goal of establishing itself as a leading challenger bank in the Ƶ.
It also comes as it has launched a new range of easy access and fixed rate savings products.
Paul Noble, chief executive of Chetwood Bank, said: “Reaching £4bn in deposits shows that our focus on getting the basics right and putting savers first is resonating with people across the country. It’s a clear sign that people value simple, reliable products they can stick with.
“It’s a promising period for us. We’re growing steadily across every arm of the business, with big plans for new and exciting developments. We’re grateful to everyone who has put their trust in us and are excited for them to see what comes next.”
Ben Mitchell, director of savings, said:“Getting to this point reflects the strength of the relationships we’re building with our savers. We listen carefully to what customers want and respond with products that meet their needs, providing a frictionless savings experience throughout.”
Founded in 2016, Chetwood was granted a full Ƶ banking licence in December 2018.
