LHV Bank

Banking
1

…have done what looks like a soft launch (https://www.lhv.com/). I’ve been aware of them for a while (Estonian bank sometimes used by other banks for transfers), but was unaware they wanted access to the UK market. Offering 3.5% interest on balances up to £100k and 1% on balances from £100k to £1m.

Applied last Friday (usual checks/KYC) and they opened an account yesterday. It’s very much “in development”, so far, you can

i) transfer money in
ii) transfer money out
iii) Er…
iv) …that’s it

There’s no card, no IBANs, no standing orders yet, though this could be coming soon.

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How long do we give it?

2

With that rate of interest and lack of services I can’t see any point at all in opening an account.

3

Not long… :joy:

1 Like
4

I assume - unless I am very naïve - that cards and standing orders will come later

5

6 months?

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6

Definitely less than a year so yeah probably.