OUR SAVINGS PRODUCTS
Put your business cash to work with our simple, rewarding and easy to use business savings accounts.
Our opening hours will change during the festive season.
Our opening hours will change during the festive season. We will close from 2.00pm on the 24th December and reopen at 9.00am on the 27th December. Our usual opening hours will then apply. We will be closed on the 1st January and reopen at 9.00am on the 2nd January.
Redwood Bank has passed the landmark figure in the customer deposits it holds, with a 13 per cent growth since December 2022.
Stuart Davidson, Director of Products and Strategy, said: “Businesses come to us because they know we will help them make their money work hard for them.
“Redwood had another year of consistent growth in customer deposits, and we are anticipating further growth in 2024.”
Redwood, which is hoping to win the Business Moneyfacts Best Business Variable Rate Deposit Account Provider for a sixth successive year, recognises that there is high customer demand for longer-term savings products.
“This became even more apparent with the base rate rises. Businesses are keen to make the most of their savings while the rates are favourable.”
“We are strongly positioned to serve this market with our products. It is clear that customers appreciate a bank that is competitive and keeps things simple for them.
“I am incredibly proud of our achievement, which demonstrates our understanding of the market and the desire for businesses to work with a bank that understands their needs.”