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Redwood Bank

General Information


Redwood was founded by Jonathan Rowland and Gary Wilkinson and is owned by a company controlled by Jonathan and David Rowland in which Warrington Borough Council have a 35% stake. Redwood was the first cloud based UK Bank and is focused on the UK’s small and medium sized businesses. It focuses its lending in Hertfordshire, Buckinghamshire, Bedfordshire and Warrington

Banking Licence

Redwood have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 09872265

Financial Conduct Authority: 755924

Based: Letchworth Garden City, with additional offices in Warrington

Date Launched: August 2017

FSCS Protected? Yes

Branches: Redwood does not have any branches

People of Interest

Head of Savings

Stuart Davidson

Chief Executive

Gary Wilkinson

Saving Information

No. of Savers


Amount of Deposits

£379.6m as at 31st December 2020

Loan Book

£323.9m as at 31st December 2020

Account Opening and Management

How Do I Open a Savings Account


How Do I Manage a Savings Account



Lending Activities

Redwood has three lending divisions:

  • Mortgages for Businesses – to allow owners to purchase or refinance their existing premises
  • Mortgages for Professional Landlords – to help experienced landlords with existing commercial, residential (and mixed-use) portfolios to purchase or refinance property
  • Mortgages for Property Refurbishment - to help experienced property investors and landlords to secure an investment mortgage which allows for the refurbishment project at the start of the loan.


Feefo Reviews

No reviews on Feefo

Savings Guru Verdict

Redwood have been a mainstay of our business notice best buys since their launch in August 2017, offering consistently competitive rates, and have subsequently added 1 Year Fixed Rate Bonds for business too.  Their deposits have grown 64% during the 2020 financial year and we expect them to continue to grow.

During the falling interest rate market, Redwood have reduced rates on their old notice accounts for existing customers, but have maintained them at levels above best buys for new savers

Contact Information for Redwood Bank

Contact Details

Address: The Nexus Building, Broadway, Letchworth Garden City, SG6 3TA

Telephone: 0330 053 6067



Open: Monday to Friday, 9am – 5pm.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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