Chetwood Bank has surpassed £4bn in total customer deposits across its savings products and flows from distribution partners, marking a milestone in its growth.

The bank said it was "focused on delivering reliable competitive savings products" to customers across its entire product range.

The milestone comes after Chetwood launched a new range of easy access and fixed rate savings products, designed to offer customers more choice and certainty in how they grow their money.

Chief executive officer at Chetwood, Paul Noble, 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."

Director of savings at Chetwood, Ben Mitchell, added: "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."

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