LHV Bank has now surpassed the £1bn milestone in customer deposits since its launch in 2023.
The bank said the growth has been driven by strong demand for its "clear, fair value banking products".
The £1bn balance has been raised both directly from customers and through deposit aggregator partners, underlining broad support for LHV’s retail proposition across multiple channels.
The bank said it remains focused on rewarding customer loyalty, with its current account paying 3.75% interest on positive balances up to £1m, and its easy access savings account paying 4% on balances up to £100,000. These sit alongside its wider range of savings products.
LHV also revealed that further product development and consumer-centric marketing is planned for the year.
Director of retail banking at LHV Bank, Kris Brewster, concluded: "Reaching £1bn in retail customer deposits is a significant milestone for LHV Bank and a clear signal that we’ve established ourselves within the UK banking landscape.
"Customers are choosing us because we offer a transparent, flexible and genuinely rewarding current account and savings products that deliver strong returns without the distraction of bonus rates or hidden conditions. By focusing on simplicity and fair value, we’ve built products that put consumers first and cut through the noise."
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