We are pleased to welcome Wesleyan Bank as the latest partner bank on our cash management platform.
Insignis Cash Solutions is pleased to announce Wesleyan Bank is joining its cash management platform as a new banking partner.
The new partnership expands the banking panel available to Insignis’ clients, providing a wider choice of savings products. Insignis’ clients will now be able to place their cash with over 32 banks and building societies, enabling them to access market leading interest rates whilst efficiently maximising FSCS protection eligibility.
Sean Read, Director of Operations at Wesleyan Bank comments, “We look forward to offering our investment products to a new investor base via Insignis’s platform. This partnership provides us with broader distribution capability, whilst the trust account model offers a cost effective and resilient liquidity management solution to our business.”
Wesleyan Bank provides tailored personal and commercial finance solutions to UK SMEs and professions. The specialist lender prides itself on being brilliant to do business with and has recently invested considerably in digital services to enhance its value proposition by speeding-up turnaround times for its customers.
Deposits placed with Wesleyan Bank through Insignis are eligible for protection by the Financial Services Compensation Scheme (FSCS) up to £85,000 per depositor (and £170,000 for joint accounts).
Paul Richards, Chairman at Insignis Cash Solutions said, “We are delighted to partner with Wesleyan Bank and add their products to our extensive range of existing savings solutions. Wesleyan’s rich heritage is founded on its mutual status, which prioritises its members and customers. Partnering with Wesleyan will give our clients even more choice and flexibility when using the Insignis platform as well as the confidence of a strong brand. We look forward to continuing to provide a simple, transparent service, helping savers to grow and protect their cash.”
Insignis’ award-winning cash savings platform is designed to help clients earn better interest from their hard-earned cash. Insignis partners with wealth managers, financial planners, and banks to empower savers to do more. Insignis offers solutions for a variety of client types such as personal, corporate, not-for-profit, pensions, and trusts, across a range of deposit accounts.
If you would like to find out more about how Insignis could help you or your clients, please email info@insigniscash.com.
[1] For more information, please see https://www.fscs.org.uk/what-we-cover/banks-building-societies/