RateSetter operates as Metro Bank PLC, a regulated UK firm whose Firm Reference Number could not be confirmed from the records reviewed. This review covers its savings activity, its position under the Financial Services Compensation Scheme, eligibility, and the customers it tends to suit, using verified information only.
What RateSetter is
Specific product names are not itemised in the verified records for this brand, so this page avoids listing rates or accounts that cannot be confirmed. The regulatory and protection facts below are what can be stated with confidence.
How it works
Savings products like these are funded by the customer depositing money, with returns paid as interest or, for Sharia-compliant providers, as an expected profit rate. Access depends on the account type: instant or easy access allows withdrawals on demand, while fixed-term and notice accounts trade flexibility for a higher headline rate.
Who RateSetter fits
Regulation and protection
The authorisation detail for RateSetter should be confirmed directly on the FCA register, as a clean Firm Reference Number could not be verified from the sources reviewed. Checking the register is a quick step that protects against clones and impersonation.
FSCS deposit protection applies to eligible cash held with authorised deposit-takers; it does not extend to borrowing. The current position should be confirmed on the FSCS website for the specific product in question.
Guides for RateSetter |
Compare RateSetter against the market
Important information This article is for general information only and is not financial advice. Kaeltripton is not authorised by the Financial Conduct Authority and does not provide regulated advice or recommendations. Rates, products and eligibility change; always confirm details with the provider and the relevant regulator before acting. Kaeltripton is registered with the Information Commissioner's Office (ICO registration ZC135439). |
Frequently asked questions
Is RateSetter FCA regulated?
A clean Firm Reference Number could not be confirmed from the sources reviewed, so check the FCA register directly for the current authorisation status of Metro Bank PLC (RateSetter is a former brand of Metro Bank PLC; previously Retail Money Market Ltd) before relying on it.
Is my money with RateSetter FSCS protected?
FSCS protection for RateSetter could not be confirmed from the records reviewed. Check the FSCS website and the provider's terms for the specific account before depositing.
Who is RateSetter best for?
It is positioned for savers (metro). Whether it suits you depends on your own amount, time horizon and existing arrangements.
How can I check RateSetter is genuine?
Search the firm on the FCA register at register.fca.org.uk and compare the contact details there with the official website. Never use links or numbers from unsolicited messages.
Does RateSetter have a mobile app?
App availability is set by the provider and may change; the official website lists the current channels. This page focuses on the facts that can be verified independently.
Sources
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