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Press release Savings Awards

Challenger Bank ends the year on a high with savings awards win

07/12/2021
A UK Challenger Bank has been recognised as an industry leader in business savings after scooping a prestigious national award for the fourth year running.
A UK Challenger Bank has been recognised as an industry leader in business savings after scooping a prestigious national award for the fourth year running.

Having been shortlisted in several categories in the 2022 Savings Champion Awards, the Bank has once again been awarded ‘Best Business Notice Account Provider’.

The awards, which are the only ones to focus solely on savings, celebrate banks and building societies that have looked after their customers and promoted competition in the savings market. They cover a range of savings categories including easy access, fixed rate bonds, cash ISAs and the best ethical savings accounts.

As one of the fastest Challenger Banks to reach profitability, Redwood Bank is quickly proving it is a force to be reckoned with as it adds another accolade to its awards cabinet.

CEO and Co-Founder of Redwood Bank, Gary Wilkinson, said: “We are delighted to receive this award for the fourth year running in what continues to be a challenging time for businesses everywhere.  

“While the base rate for savings has remained low, we have been determined to continue 
to support businesses keen to secure their long-term future by putting some money aside.

“Redwood offers several different products which help businesses to put their cash to work and offering differing options around accessing their savings. For the judges of these awards to recognise the scope of what we offer is further proof that we put customers at the heart of all we do.”

The Bank was also shortlisted for Best Business Fixed Rate Bond Provider in the Savings Champion Awards.

Redwood Bank achieved one of the fastest ‘licence-to-launches’ in UK banking history in 2017. Having started with a team of 12, the Bank now employs more than 100 people. 

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