From mid-February, Insignis’ clients will be able to deposit their funds into a Redwood Bank savings product. In addition to offering competitive interest rates, these accounts also provide clients with wider protection eligibility when depositing funds via the Insignis Cash Platform.

Paul Richards, Insignis Chairman said: “Our banking panel is carefully selected so that we can offer clients a well-rounded product offering that we know will give them exceptional service. To be able to offer a wider variety of rates to our SME and charity clients is welcome. We’re looking forward to working with Redwood Bank.”

The Chief Executive Officer (CEO) and Co-Founder of Redwood Bank, Gary Wilkinson, said: “We are passionate about supporting British SME businesses and charities, helping them navigate the ever-changing financial and business landscape. We pride ourselves on exceeding customer expectations and we’re proud to be providing a service to Insignis clients, who we hope and expect will see the value in investing in Redwood Bank.”