Redwood Bank: Offers New Savings Product on the Insignis Cash Platform
- Redwood Bank launched in August 2017, becoming Britain’s newest business bank for SMEs and completing its ‘mobilisation’ phase just over four months
- Offers secured SME mortgages for business owners, as well as for experienced commercial
- The challenger bank’s newest product propelled onto the market with a very competitive rate of 1.62 per cent
- Redwood Bank has partnered with Insignis Cash Solutions and will also offer savings deposit accounts to Insignis’ SME
- 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
