Gatehouse Bank has been named the Best Fixed Account Provider at the 2023 Moneyfacts Awards.

The Shariah-compliant ethical Bank was awarded the title for the second year in a row following detailed weekly data analysis by Moneyfacts’ research team. The winners were those who stood out for their competitive rates and a high level of service.

Gatehouse Bank’s Fixed Term Woodland Saver and Cash ISA accounts have consistently provided competitive rates while giving back to the environment. For every account opened or renewed, the Bank plants a tree on behalf of the customer in a certified UK woodland project. As a Shariah-compliant Bank, Gatehouse does not invest in industries perceived to cause harm to society, such as alcohol, adult entertainment, gambling, tobacco or the arms industry.

Lee Tillcock, Managing Editor at Moneyfacts Group plc, commented: “We are pleased to have awarded Gatehouse Bank with ‘Best Fixed Account Provider’ for their continuous hard work in providing competitive rates across a range of their savings products. In particular, their Fixed Term Woodland Saver accounts, which support the creation of new woodlands while helping customers achieve a competitive return on their savings.”

Ravi Kumar, Senior Product Manager at Gatehouse Bank, commented: “We are delighted to have been named the Best Fixed Account Provider for the second year and would like to thank the Moneyfacts team for their consideration.

“At Gatehouse Bank, we take our responsibility to the community and the environment seriously and pride ourselves on our customer-first approach. We are very pleased that our hard work has paid off and we have been recognised by a prestigious organisation such as Moneyfacts.”