In the 2022 Savings Champion Awards, the challenger bank was shortlisted in several categories, including Best Business Fixed Rate Bond Provider, and was honoured with the prestigious account provider award again.
These are the only national awards that focus entirely on savings, whilst also celebrating those banks and building societies that have promoted competitive rates in the market and taken care of their customers.
CEO and co-founder 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.”
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Earlier this week, the challenger bank supported its local hospice in Warrington, St Rocco’s, with a generous donation before Christmas.