Chetwood Bank has passed £4bn in customer deposits, counting savings held across its product range and flows from distribution partners.
The bank said this reflects its growth as well as the trust customers have placed in its savings products.
The milestone came after Chetwood Bank launched easy access and fixed rate savings options for customers.
According to the bank, these gave customers more choice and certainty in managing their money.
Paul Noble, CEO at Chetwood Bank, said: “Reaching £4 billion 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.”
Noble added: “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 at Chetwood Bank, 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.”
