15 December 2017
visit http://response.ncr.com

Kent Reliance enters corporate savings market

01 November 2016  |  2426 views  |  0 Source: Kent Reliance

Kent Reliance, part of specialist lending group OneSavings Bank, is today launching a new business savings account – its first product in the corporate savings market.

The account has a market leading interest rate of 0.90% AER*, can be opened online in under 10 minutes and requires a £1,000 minimum opening deposit. This means Kent Reliance now offers the highest paying** easy-access business savings account by a UK bank.

Research conducted by Kent Reliance found that UK businesses have over £90bn currently saved with UK banks, with £18bn of this not tied to the big four current account providers. This highlights the opportunity for the challenger bank, to replicate its success in providing personal savings accounts in the business account space.

Will Davies, Head of Retail Proposition at OneSavings Bank, said: “We recognise that business customers want quick efficient service with a decent return - business deposits are often kept with their current account provider, a convenient option but giving little in the way of return on investments. Our business savings account aims to fill this gap, and we are excited to be able to offer an account which is easy to open, simple to manage and offers an attractive rate of interest.”

Product Specification:
• Easy Access account
• 0.90% AER
• Online only, typical application taking less than 10 minutes
• £1,000 min opening balances, £1,000,000 max balances

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.response.ncr.com

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10297 views comments | 17 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9564 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9037 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7646 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7258 views comments | 15 tweets | 24 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job