Moneybrain Cash: At last... a savings account that works just as hard as you do!

Moneybrain Cash gives you the ability to deposit up to £425,000 in cash with full Financial Services Compensation Scheme (FSCS) cover. You can save more if you wish but the proportion over £425,000 would not be covered by the scheme. There are now 5 options available with 4 fixed accounts ranging from 6 to 24 months or a 35 day notice variable account. Accounts are available to individuals, SME's, Charities and Trusts. It is important to note that not all accounts are available to all entities. Take a look at the FAQ's at the bottom of the page to see how it works.

Top 5 by Most popular

35 Day Notice Variable Account - up to 1.21%

35 Day Notice Variable Account - up to 1.21%
OakNorth Bank Rate
1.21% AER
Aldermore Bank Rate
N/A
Cambridge & Counties Rate
N/A
Bank & Clients
0.45% AER
Metro Bank Rate
N/A
Shawbrook Bank Rate
N/A
Teachers BS Rate
1.00% AER
Number of Banks available
3
Minimum Investment
£1,000
Maximum Investment
No Max
Maximum (Protected) Investment
£170,000
Protection
FSCS
Moneybrain Initial fee
0.15%
Annual renewal fee
0.15%
Individual
OakNorth Bank, Bank & Clients, Teachers Building Society
Corporate
OakNorth Bank, Metro Bank, Bank & Clients
Charity
N/A
Trust
N/A
Important Information
Please contact us for a personalised illustration. Moneybrain Cash is provided by Octopus Co-Lend Ltd., which is fully authorised and regulated by the Financial Conduct Authority (reference number 722801). Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 08913299. Octopus Cash is managed on a day to day basis by Octopus Institutional Deposits Limited (Company registration number 10163532). Money placed via Octopus Cash will be with UK PRA regulated credit institutions. All rates correct as at 08-02-2019

6 Month Fixed Rate Account - up to 1.61%

6 Month Fixed Rate Account - up to 1.61%
OakNorth Bank Rate
1.61% AER
Aldermore Bank Rate
1.20% AER
Cambridge & Counties Rate
N/A
Bank & Clients
*1.20% AER
Metro Bank Rate
1.05% AER
Shawbrook Bank Rate
N/A
Teachers BS Rate
N/A
Number of Banks available
4
Minimum Investment
£1,000
Maximum Investment
No Max
Maximum (Protected) Investment
£340,000
Protection
FSCS
Moneybrain Initial fee
0.15%
Annual renewal fee
0.15%
Individual
OakNorth Bank, Metro Bank, Aldermore, Bank & Clients
Corporate
OakNorth Bank, Metro Bank, Aldermore, Bank & Clients
Charity
Metro Bank, Aldermore
Trust
Metro Bank, Aldermore
Important Information
Please contact us for a personalised illustration. Moneybrain Cash is provided by Octopus Co-Lend Ltd., which is fully authorised and regulated by the Financial Conduct Authority (reference number 722801). Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 08913299. Octopus Cash is managed on a day to day basis by Octopus Institutional Deposits Limited (Company registration number 10163532). Money placed via Octopus Cash will be with UK PRA regulated credit institutions. All rates correct as at 15-01-2019 *Bank and Clients, has temporarily suspended their fundraising for the 6 Month, 1 Year and 18 Month fixed terms. Cleared funds can be deposited with them up until the 27th of February, meaning you can benefit from the additional FSCS cover.

12 Month Fixed Rate Account - up to 1.90%

12 Month Fixed Rate Account - up to 1.90%
OakNorth Bank Rate
1.86% AER
Aldermore Bank Rate
1.90% AER
Cambridge & Counties Rate
N/A
Bank & Clients
*1.52% AER
Metro Bank Rate
1.55% AER
Shawbrook Bank Rate
1.55% AER
Teachers BS Rate
N/A
Number of Banks available
5
Minimum Investment
£1,000
Maximum Investment
No Max
Maximum (Protected) Investment
£425,000
Protection
FSCS
Moneybrain Initial fee
0.25%
Annual renewal fee
0.25%
Individual
OakNorth Bank, Metro Bank, Aldermore, Bank and Clients, Shawbrook Bank
Corporate
OakNorth Bank, Metro Bank, Aldermore, Bank & Clients, Shawbrook Bank
Charity
Metro Bank, Aldermore
Trust
Metro Bank, Aldermore
Important Information
Please contact us for a personalised illustration. Moneybrain Cash is provided by Octopus Co-Lend Ltd., which is fully authorised and regulated by the Financial Conduct Authority (reference number 722801). Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 08913299. Octopus Cash is managed on a day to day basis by Octopus Institutional Deposits Limited (Company registration number 10163532). Money placed via Octopus Cash will be with UK PRA regulated credit institutions. All rates correct as at 15-02-2019 *Bank and Clients, has temporarily suspended their fundraising for the 6 Month, 1 Year and 18 Month fixed terms. Cleared funds can be deposited with them up until the 27th of February, meaning you can benefit from the additional FSCS cover.

18 Month Fixed Rate Account - up to 2.00%

18 Month Fixed Rate Account - up to 2.00%
OakNorth Bank Rate
1.92% AER
Aldermore Bank Rate
2.00% AER
Cambridge & Counties Rate
N/A
Bank & Clients
*1.80% AER
Metro Bank Rate
1.75% AER
Shawbrook Bank Rate
N/A
Teachers BS Rate
N/A
Number of Banks available
4
Minimum Investment
£1,000
Maximum Investment
No Max
Maximum (Protected) Investment
£340,000
Protection
FSCS
Moneybrain Initial fee
0.25%
Annual renewal fee
0.25%
Individual
OakNorth Bank, Metro Bank, Aldermore, Bank & Clients
Corporate
OakNorth Bank, Metro Bank, Aldermore, Bank & Clients
Charity
Metro Bank, Aldermore
Trust
Metro Bank, Aldermore
Important Information
Please contact us for a personalised illustration. Moneybrain Cash is provided by Octopus Co-Lend Ltd., which is fully authorised and regulated by the Financial Conduct Authority (reference number 722801). Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 08913299. Octopus Cash is managed on a day to day basis by Octopus Institutional Deposits Limited (Company registration number 10163532). Money placed via Octopus Cash will be with UK PRA regulated credit institutions. All rates correct as at 01-02-19 *Bank and Clients, has temporarily suspended their fundraising for the 6 Month, 1 Year and 18 Month fixed terms. Cleared funds can be deposited with them up until the 27th of February, meaning you can benefit from the additional FSCS cover.

24 Month Fixed Rate Account - up to 2.16% AER

24 Month Fixed Rate Account - up to 2.16% AER
OakNorth Bank Rate
*2.13% AER
Aldermore Bank Rate
2.15% AER
Cambridge & Counties Rate
N/A
Bank & Clients
2.05% AER
Metro Bank Rate
N/A
Shawbrook Bank Rate
1.75% AER
Teachers BS Rate
N/A
Number of Banks available
4
Minimum Investment
£1,000
Maximum Investment
No Max
Maximum (Protected) Investment
£340,000
Protection
FSCS
Moneybrain Initial fee
0.25%
Annual renewal fee
0.25%
Individual
OakNorth Bank, Aldermore, Bank & Clients
Corporate
OakNorth Bank, Aldermore, Bank & Clients
Charity
Aldermore
Trust
Aldermore
Important Information
Please contact us for a personalised illustration. Moneybrain Cash is provided by Octopus Co-Lend Ltd., which is fully authorised and regulated by the Financial Conduct Authority (reference number 722801). Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 08913299. Octopus Cash is managed on a day to day basis by Octopus Institutional Deposits Limited (Company registration number 10163532). Money placed via Octopus Cash will be with UK PRA regulated credit institutions. All rates correct as at 15-02-19 *OakNorth Bank has temporarily suspended their fundraising for the 6 Month, 1 Year and 18 Month fixed terms. Cleared funds can be deposited with them up until the 27th of February, meaning you can benefit from the additional FSCS cover.

Knowledge is power

Take a look at all our FAQs for immediate answers to common questions.

How does the Moneybrain Cash Savings plan work?

You can save from a minimum of £1,000. There’s no maximum. We’ll automatically find you the best rate from our partner banks. At the end of the one-year term, you can automatically roll-over to the best new rate.

Why am I not just covered to the normal £85,000 with the FSCS?

Because we spread your deposit across up to 5 banks, you are covered to a maximum of £85,000 with each bank. The maximum covered deposit is therefore £425,000.

I have less than £85,000 to deposit.

That's fine. We will ensure that your money is deposited with the bank paying the best rate.

I have more than £85,000 to deposit.

Your money is deposited in chunks with the banks from highest to lowest rate.

What happens if I have more than £425,000 to deposit?

You can still deposit your money however the difference above the £425,000 maximum will not be covered by the Financial Services Compensation Scheme (FSCS).

Can I withdraw funds I deposit?

If you opt for the 1 year fixed account the money needs to be with the bank for the minimum period of 12 month and cannot be withdrawn. If you choose this option it is important that you can commit to the full year. If you opt for the 35 day notice account you can withdraw your funds with a minimum amount of £1,000 per withdrawal. Each withdrawal on this account requires a minimum of 35 days notice. There are no limitations to the number of withdrawals. If the balance is less than a £1,000 the full amount will need to be withdrawn.

Can I apply if I am an Individual, SME, Charity or Trust

  • Individuals - are accepted by all of the banks we work with.
  • SME - If you are an SME then all but 'Bank & Clients' will allow an account to be opened.
  • Charities - As a charity, 'Aldermore', 'Cambridge and Counties' and 'Metro Bank' will allow accounts to be opened.
  • Trusts - If you are applying as a trust, 'Aldermore' and 'Metro Bank' will support applications.
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