Masthaven Bank launches new business savings accounts

Written by Editorial Team
Last updated: 27th May 2019

Challenger bank Masthaven has launched a new business savings account aimed at customers who wish to deposit between £5,000 and £500,000 from 6 months to 5 years.

The new accounts are designed to help small and medium-sized companies save money for new office equipment, tax bills,  and rainy day requirements, the new product suite strengthens Masthaven’s position as an expansive specialist Bank, according to the bank’s Chief Operating Officer, Simon Furnell.

“The launch of business savings sees us move toward becoming an SME bank as well as a retail bank,” he said.

“Since we launched in 2016, we’ve welcomed over 13,000 new savings customers to the bank, and now we are extending our savings range to welcome businesses who prefer to bank differently. “

“Just like our savings accounts, our business savings proposition is competitive, innovative, easy to use, online and backed by our experienced savings specialists. Our SME customers will be able to personalise their fixed term and manage their maturity options on-line, meaning the customer is able to choose and manage a product to fit around their needs quickly and efficiently.”

“Our business customers won’t all be the same – they’ll be living, breathing organisations, which is why our product blends technology and human experience to deliver a nuanced product that meets their needs.”

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