Metro Bank

Metro Bank became Britain's first new High Street bank in over 100 years when it launched in 2010. It is listed on the London Stock Exchange and is part of the FTSE 250 Index.

Metro Bank prides itself on its customer service, with branches open until late, 7 days a week. It also offers a full range of banking products, including savings and current accounts, credit cards, mortgages and personal loans.

Metro Bank
Visit provider's website

We don't get paid for any links on our site.

Bank accounts

Ranked 18th of 31 providers reviewed.

Customer happiness 61.99%
Customer trust 60.82%
Complaints performance 59.22%
Transparency rating 76.1%
Fairer Finance score
Reviewed Spring 2023
65%

Credit cards

Ranked 25th of 31 providers reviewed.

Customer happiness 61.54%
Customer trust 43.27%
Complaints performance 59.49%
Transparency rating 57.32%
Fairer Finance score
Reviewed Spring 2023
55%

Savings Accounts

Ranked 38th of 53 providers reviewed.

Customer happiness 53.42%
Customer trust 53.85%
Complaints performance 59.22%
Transparency rating 74.43%
Fairer Finance score
Reviewed Spring 2023
60%

Bank accounts

Basic bank accounts

Metro Bank

Cash Account

4 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Faster Payment limit i £10,000.00
Maximum cash machine withdrawal per day i £300.00
Can you use your card to pay for items overseas? i

Current accounts

Metro Bank

Current Account

3 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Metro Bank

Current Account (inside Europe)

5 stars
Foreign cash withdrawal fee i 0%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 0%
Is there a limit on free cash withdrawals? i Unlimited

Metro Bank

Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

Metro Bank

Current Account

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 34%

Premium bank accounts

Metro Bank

Current Account

1 stars
Add-ons, cashback and rewards i
Part of FSCS or international equivalent i

Business Credit Cards

Everyday Business Credit Cards

Metro Bank

Business Credit Card Mastercard

5 stars
Representative APR i 14.9%
Annual fee in first year i £0.00
Using card in Europe charge i 0%
Using card worldwide charge i 2.99%

Foreign Use Business Credit Cards

Metro Bank

Business Credit Card Mastercard

4 stars
Using card in Europe charge i 0%
Using card worldwide charge i 2.99%
Annual fee in first year i £0.00
Representative APR i 14.9%
Rewards i

Credit cards

Foreign use credit cards

Metro Bank

Credit Card (in Europe)

5 stars
Foreign purchase fee i 0%
Foreign withdrawal fee i 0%
Representative APR i 14.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.16%

Metro Bank

Credit Card (outside Europe)

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 14.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.16%

Personal loans

Metro Bank

Rate Setter Personal Loan

Representative APR (on £5,000 loan, 36 month term) Illustrative rates shown
Unpaid Repayment Fee i £0.00
Early settlement fee (Days interest) 0 days
Available to new customers? i
Eligibility checker
Minimum borrowing amount £1,000.00
Maximum borrowing amount £35,000.00
Minimum borrowing length 12 months
Maximum borrowing amount 60 months

Savings Accounts

1 Year Fixed Rate Accounts

Metro Bank

Fixed Term Savings Account

Interest Rate (AER) i 4.01%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have another Metro Bank account or an instant access account that was openened for transactional purposes
Can you make early withdrawals? i
Withdrawal Penalty (days) i

18 Month Fixed Rate Bonds

Metro Bank

Fixed Term Savings Account

Interest Rate (AER) i 4.01%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

3 Year Fixed Rate Accounts

Metro Bank

Fixed Term Savings Account

Interest Rate (AER) i 4.01%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have another Metro Bank account or an instant access account that was openened for transactional purposes
Can you make early withdrawals? i
Withdrawal Penalty (days) i

Easy Access Accounts

Metro Bank

Instant Access Savings Account

Interest Rate (AER) i 1.15%
Maximum Balance i £2,000,000.00
Part of FSCS i
Withdrawal Penalty i
Additional Information i
Minimum Opening Balance i £0.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Metro Bank

1 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3.76%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

2 Year Fixed Rate ISAs

Metro Bank

2 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3.76%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

3 Year Fixed Rate ISAs

Metro Bank

3 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3.76%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

5 Year Fixed Rate ISAs

Metro Bank

5 Year Fixed Rate Cash ISA

Interest Rate (AER) i 3.76%
Minimum Opening Balance i £0.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

Easy Access ISAs

Metro Bank

Instant Access Cash ISA

Interest Rate (AER) i 1.4%
Part of FSCS i
Withdrawal Penalty i
Minimum Opening Balance i £0.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?