Cynergy Bank Plc Credit Rating
Cynergy Bank Plc does not currently have a public long-term credit rating from the major agencies, so no rating is shown here. That is common among smaller and newer UK banks and is not in itself a sign of financial weakness — ratings are typically sought by institutions that raise debt in wholesale markets. Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately.
Rating History
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2025 H2 file (July 2025 to December 2025), Cynergy Bank received 695 banking and credit-card complaints, 3.47 per 1,000 accounts. The bank upheld 80% of those it closed and closed 2% within three days. The previous period was 5.34 per 1,000, so complaints fell. Compare all banks.
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Frequently asked questions about Cynergy Bank Plc
Is Cynergy Bank Plc safe?
Cynergy Bank Plc has no public long-term credit rating from the major agencies, so there is no rating to assess here. A missing rating is not evidence of weakness — many smaller and newer UK banks simply do not seek one. Separately, Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. This page is information about published credit ratings, not financial advice.
What is Cynergy Bank Plc's credit rating?
Cynergy Bank Plc does not have a publicly available long-term issuer credit rating from S&P, Moody's or Fitch.
Is Cynergy Bank Plc covered by the FSCS?
Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. Cynergy Bank Plc is recorded with FCA reference 575105. Because protection follows the banking licence rather than the brand, check the current position and which brands share a licence on the FSCS website before relying on it.
Who owns Cynergy Bank Plc?
Cynergy Bank Plc is owned by Private (Pimco, Elliott). Ownership matters for credit ratings because agencies often factor in the likelihood of support from a parent group, and because brands under the same banking licence share a single FSCS limit.