Derek Sprawling, Managing Director of Spring, comments on the latest Bank of England Money and Credit report, highlighting 70% growth in cash held in zero interest current accounts – with consumers losing out on £20 billion interest each year
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Spring is a new savings app that connects directly to a customer’s current account to deliver significantly better returns. There are no withdrawal limits or fees, and 24/7 app support with help tools, backed by a UK customer service team. Customers can apply in minutes and earn 4.30% on their savings.
Spring is brought to the market by Paragon Bank, the award-winning FTSE 250 bank that already looks after £16 billion of customers’ savings.
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