Over the last decade, the digitisation of banking services has led to a much larger marketplace for savers, allowing them to look beyond the traditional high-street banks to access more competitive rates. Yet the market share for the top five UK banks is a staggering 82.6%, despite the fact there are over 150 banks taking deposits in the UK.

Since 2008, the rates of savings have been ultralow, sometimes losing value once inflation is taken into account. This problem was less noticeable during the low-inflation years between 2010-2021; however, the higher rate of inflation seen since the pandemic means that capital is now depreciating at a faster pace. 

In addition, the Bank of England has adjusted the base rate multiple times since 2022, so interest rates available on savings account have changed frequently. Keeping up to date with new bank accounts and constantly changing interest rates is a persistent challenge that most people just don’t have the time or appetite for. That’s where we can help.

A Cash Management Service is designed to help families, businesses, charities and trusts maximise returns on their savings, reduce risk, and simplify administration with a single application.

We collaborate with Insignis Cash Solutions to deliver bespoke cash solutions to our clients, whether you’re an individual, business or charity. With an Insignis Active Cash Management Plan, they will take care of your cash management for you. They’ll get competitive interest rates for your cash deposits across a variety of banks with a single sign-up procedure.

Government-backed FSCS protection eligibility of up to £120,000 per individual for each account opened (FSCS deposit protection is linked to a maximum amount per banking group licence.)

The gateway to multiple savings accounts ensures access now and in the future.

Ongoing management and pro-active communication means you get better returns for your cash.

Maximise the interest earned on your savings – all through one sign-up process.

Gain access to hundreds of savings accounts with a variety of term options to meet your liquidity requirements.

You remain the beneficial owner of your money, regardless of how many savings accounts you open.

Get in touch today to discuss how your cash allocation can be improved.

Cash Management Services are not regulated by the Financial Conduct Authority.