With saving interest rates being at their highest for many years, and some 1 year fixed term rates now over 4% [1], why not make your savings work harder?

What is a savings platform?

Savings platforms bring together selected savings accounts of many banks and building societies into one place, where savers can then select what they want to invest in. These platforms usually only ask savers for their personal and bank details once, removing the need and hassle of multiple applications.

You can have a cash hub if you are a personal, trust, charity, corporate & power of attorney. You fill in your details and then decide where you want to save. When the product matures, or you want to move your money, you can either transfer it out of the platform or move it to the next best available product that is available on the platform at that time.

How It Works
Benefits of a Saving Platform
  • Convenience – save time by only having to register your details once, and by being reminded when a fixed-term bond is coming to an end.
  • A Managed Account – Ongoing management and proactive communication can mean better returns for your cash.
  • You are in control – You remain the beneficial owner of your money regardless of how many savings accounts you open.
  • One-time Sign-up Process – The gateway to multiple savings accounts now and in the future.
  • Exclusive rates – On some occasions, you may be able to access exclusive savings products with rates that are more competitive than others on the market.
  • Peace of mind – Eligible deposits can receive protection of up to FSCS limits of £85,000 per individual across all accounts held within a banking group.
Find Out More

Please contact your financial adviser to discuss your requirements and suitability, or contact us here.


The Financial Conduct Authority does not regulate cash management services.

[1] https://www.insigniscash.com/individuals/ *Data correct as of Dec 2022.

Given the complexity of the banking sector, we recommend that an adviser checks whether a bank is a subsidiary of another as you will only receive £85,000 per banking group.

Personal circumstances differ and not all of this information is applicable to every client and/or their business, this information is general in nature and should not be relied upon without seeking specific professional financial advice.

The Financial Conduct Authority (FCA) does not regulate tax advice, estate planning, trusts or will writing.

The content in this article is for your general information and use only and is not intended to address your particular requirements. Articles should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice.

Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles.

Thresholds, percentage rates and tax legislation may change in subsequent finance acts. Levels and bases of, and reliefs from, taxation are subject to change and their value depends on the individual circumstances of the investor. The value of your investments can go down as well as up and you may get back less than you invested. Past performance is not a reliable indicator of future results.

Pareto Financial Planning Limited is authorised and regulated by the Financial Conduct Authority (FCA).