SmartSave Bank: Hits £1bn in deposits
- SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits
- Offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected
- Customers can deposit between £10,000 and £85,000, and they start earning interest
- As of 27 February 2023, the platform offers a one-year term with an annual equivalent rate (AER) of 4.26%; a two-year term
- Having launched in 2019, SmartSave has experienced significant demand and accelerated growth over the past 12 months
- To hit £1 billion in deposits is a great milestone, underlining how many people trust us with their hard-earned money
