Octopus Cash

Helping savers and businesses find competitive interest rates for their cash savings

Octopus Cash

Helping savers and businesses find competitive interest rates for their cash savings

Octopus Cash helps savers get a better interest rate on their cash, without the hassle of regularly switching banks. We spread funds across multiple partner banks, which maximises the protection they get from the Financial Services Compensation Scheme (FSCS).

Try our interest rate calculator

Explore opportunities to earn with Octopus Cash.

Reasons to invest

Reasons to use Octopus Cash

Simple savings management

Savers can get set up with a single application and use one, or multiple accounts, to manage all their cash savings.

More FSCS protection for larger deposits

All our partner banks are fully regulated. Splitting large deposits across multiple banks offers increased protection.

Competitive interest rates

We work with some of the UK’s leading challenger banks to find savers a competitive interest rate.

No need to keep switching

At the end of the term, we automatically offer savers the best interest rate available from our partner banks.

Important considerations

Important considerations

No access before end of term

You should be aware that Octopus Cash has fixed- term and notice account options. Savers who select a fixed-term savings account won’t be able to access their deposits before the end of the term. Savers who require access to their deposits can use our notice account option.

Other accounts at partner banks

Only £85,000 of savings at each partner bank will be covered by the FSCS. If a saver currently saves or chooses 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.

Fees and charges

Savers pay no direct fee for using Octopus Cash. Octopus Cash takes a fee directly from our partner banks.

Compare our accounts

Fixed-term accounts

We offer 6-month, 12-month, 18-month and 24-month fixed-term accounts.

  • Savers get a fixed interest rate for the whole term.
  • At the end of the term, we automatically offer the best available rate from our partner banks, making it easy to roll over.
  • Interest is calculated daily and is paid at maturity.
  • Available for individuals, businesses, and all entities

35-day or 95-day notice account

No fixed term. Savers can give 35 or 95 days’ notice to access their money.

  • The interest rate is variable, meaning it can go up and down. We give the full term amount plus 14 days notice of any interest rate changes.
  • Interest is calculated daily, and paid into the Octopus Cash account each month.
  • Available for individuals and businesses.

Our partner banks

Shawbrook Bank logo
Teachers Building Society
Investec logo
Arbuthnot Latham logo
Charter Savings Bank logo
Key documents

Key documents

Octopus Cash Terms for Intermediaries

Octopus Cash application form for individuals

Octopus Cash application form for trusts

Octopus Cash application form for corporates

Octopus Cash application form for charities

Get started

Get started with Octopus Cash

Create a client illustration using our interest rate calculator.

Create an account by filling out a short application form.

We’re here to support you

If you’ve got a question about any of our products or services, please get in touch.

Contact our team

Got a question?
Call us at 0800 316 2067