New Moneybox Business Saver offers entrepreneurs 4% interest with easy access and next-day withdrawals
Moneybox, the award-winning wealth management platform, has today announced the launch of its Business Saver, an easy access savings account designed to help sole traders and small to medium sized limited companies (SMEs) earn interest on cash reserves and build long term financial resilience.
With a competitive 4% variable interest rate, no fees, and a simple, straightforward setup via Moneybox’s trusted app, the Business Saver offers an easy way for entrepreneurs and company directors to make their money work harder, while they continue to focus on running their businesses. The account has a minimum opening balance of £500 and is open to all UK based sole traders and limited companies, with no need for customers to hold an existing Moneybox account.
Designed to support smart cash-flow management, the Business Saver includes next working day withdrawals (one transaction per day), giving businesses greater control of their finances at a time when every pound counts.
Charlie Mortimer, co-founder of Moneybox, commented: “At Moneybox, our mission is to help people build wealth with confidence, at every life stage. Increasingly, becoming an entrepreneur or running a business is a major life stage for millions of hard working people in the UK and so a natural space for us to help.”
“We’ve spoken to countless customers who told us they were looking for a simple, reliable way to put their business savings to work – whether that’s earning interest on idle cash, building a safety net for tougher times, or improving cash flow to keep things running smoothly. We believe that businesses deserve financial products that work as hard as they do and Business Saver is our response: a product designed to empower business owners to take control, build resilience, and grow with confidence.”
Moneybox supports over 1.5 million people to save, invest and build wealth for their future and with Business Saver aims to bring the same peace of mind, confidence and good financial outcomes to the world of small business finance.