We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Launch of 'one stop' online savings account
Milarky
Posts: 6,356 Forumite
A new service, specifically aimed at meeting the needs of savers with diverse balances, called Governor is launching today - mentioned in the FT (I can't link due to their pay-wall but you can read the item if you Google "New online platform offers one-stop shop for savings")
It starts with just four 'member' institutions: Saffron, Cambridge, Progressive and Hanley Building Societies - but hopes to rapidly add others. The claims are impressive - to be able use a single login to view and manage diverse savings portfolios and then apply for specific linked offerings - including the ability to administer ISA transfers through the service itself.
There are are some modest charges but it seems largely free if you keep aggregate balances above £10K.
This is probably the future shape of savings, I thought. It will be interesting to see how many institutions they sign up - the other smaller building societies I would have thought -and what sorts of deals they can provide in comparison with 'direct' channels.
It starts with just four 'member' institutions: Saffron, Cambridge, Progressive and Hanley Building Societies - but hopes to rapidly add others. The claims are impressive - to be able use a single login to view and manage diverse savings portfolios and then apply for specific linked offerings - including the ability to administer ISA transfers through the service itself.
There are are some modest charges but it seems largely free if you keep aggregate balances above £10K.
This is probably the future shape of savings, I thought. It will be interesting to see how many institutions they sign up - the other smaller building societies I would have thought -and what sorts of deals they can provide in comparison with 'direct' channels.
.....under construction.... COVID is a [discontinued] scam
0
Comments
-
they will need to get more competitive providers to become a force, difficult to see why the major players will think this is a good idea0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards