Redwood Bank, the buy to let lender, has been awarded the Best Business Notice Account Provider prize by the Savings Champion Awards 2021. These are the only awards that solely focus on savings, with categories ranging from easy access, fixed-rate bonds and cash ISAs.
This is the eighth year of the Savings Champion Awards, recognising banks and building societies that have both offered competitive rates to savers and promoted competition within the savings market over the past year.
United Trust Bank, Shawbrook Bank and Al Rayan Bank were among the nominees in the category of Best Business Notice Account Provider.
Gary Wilkinson, CEO and co-founder of Redwood Bank, said: “What an honour it is to be recognised by the only awards that focus solely on savings, giving this key area of the market the focus that it deserves.
“The year 2020 has been tough for everyone and savers have been hit hard, with the base rate hitting a record low of just 0.10 per cent. Despite this, we are committed to those businesses who have continued to put money aside, and it’s nice to have been recognised for supporting savers.”
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