What is my savings holding account?

Updated 2 years ago

When a fixed term account ends, the account closes, and all the money is automatically transferred to your savings holding account.

Your savings holding account is designed to temporarily hold your money until you save again in a new fixed term account or withdraw to your bank.

It is FSCS protected and pays you some interest at a variable rate.

To clarify for our existing peer-to-peer investors, your savings holding account is entirely separate from your investment holding account.

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