A savings service that works as hard as you do
Octopus Cash helps savers get a better interest rate on their cash, without the hassle of regularly switching banks. Our fixed-term service automatically offers customers our best new rate at the end of their term, while we also offer a 35-day notice account with a competitive interest rate. For those making a large deposit, we also spread their money across more than one bank so that more of it is covered by the Financial Services Compensation Scheme (FSCS).
For larger client deposits, the service will spread their money across multiple banks to make sure even more of it is covered by the Financial Services Compensation Scheme (FSCS). All with one short and simple application form.
Octopus Cash is a fixed-term savings product. Your clients won’t be able to access their deposits before the end of the one-year term.
Only £85,000 of savings at each partner bank will be covered by the FSCS. If your clients currently save or choose to save with any of them in the future, money held directly at the banks will be covered ahead of money held with Octopus Cash.
We do not offer investment or tax advice, and we always recommend investors talk to a financial adviser before making investment decisions. Octopus Cash is a trading name of Octopus Institutional Deposits Limited (Company Number 10163532).