London, 11th November 2025 – LHV Bank today announces that its personal current account will track and pay the full Bank of England base rate, currently 4% AER, on balances up to £1 million. The rate is guaranteed to follow the base rate until 1 January 2027.

With no restrictions, usage requirements, or minimum balances, LHV’s move challenges the industry norm. This bucks the trend when most high street providers still pay 0% on current account balances, time limit their best rates, or charge a monthly fee to account-holders.

Kris Brewster, Director of Retail Banking at LHV Bank, said:

“At LHV, we believe every penny in a bank account should earn interest and not sit idle. We’re proud to offer a current account that tracks the full Bank of England base rate, with no strings attached. If your current bank isn’t giving you a fair return, we are here for those who demand something better.”

Brewster added:

“We launched our retail proposition in the UK in 2024 and are committed to delivering the best possible value and returns to our current account customers. This is made possible and sustainable through our app-based offering and the cost efficiencies enabled by our cutting-edge banking technology.”

Throughout 2025, LHV Bank has expanded the features of its current account to support customers’ everyday banking needs:

●       Direct Debits for bills and regular payments

●       Apple Pay and Google Pay support

●       Foreign currency transactions at the real Mastercard exchange rate

●       All accessed through a simple, modern app with real-time push notifications

Whether customers are getting paid, spending abroad, or managing their bills, now they can earn interest whilst carrying out their day to day banking.

Unlike most traditional banks that pay nothing on current account balances, LHV Bank’s offering reflects a belief in a partnership that benefits the customer as well as the provider.

Research suggests around 8 million current account holders retain balances of over £10,000, with millions of in-credit account holders earning no interest at all on their money.

“Customers are being short-changed on their everyday money,” Brewster continued. “We’re offering a fairer alternative that rewards customers without hidden conditions or gimmicks.”

The 4% AER will automatically adjust in line with any changes to the Bank of England base rate, giving customers peace of mind and long-term value.

LHV Bank also offers a range of competitive fixed and easy access savings products enabling customers to save for their longer term goals.

Brewster added: “We are proud that the deposits raised from customers are used to fund lending to Small and Medium Enterprises across the UK, supporting economic growth and job creation.”

Opening an LHV current account is quick, paperless, and fully digital. Customers can download the LHV app, complete onboarding in minutes, and start earning interest immediately.