AER one-year fixed-term


Ditch the hassle & beat the high street with our partner banks



Our partner banks are protected by FSCS: learn more

Octopus Cash makes it easier to find a high-street beating rate, year-in, year-out.

Find a better rate

We're not a bank but we'll help you find some of the best one-year savings rates around.

Say goodbye to switching

We'll automatically show you the best rate on offer from our banks at the end of the one year term.

Save with FSCS protected banks

All our partner banks are fully regulated and are covered by the FSCS.


We work with partner banks that offer some of the best rates around.

We make it easier to spread your money across several banks, helping to ensure your money is FSCS protected.

When you use our service, we'll hold your money at HSBC for up to a week (where it's covered up to £85,000) before sending it to our partner banks.

Here's how it works:

  • Saving less than £85,000? We’ll deposit it all with the bank paying the best rate
  • More than £85,000? We deposit it in chunks of £85,000 from highest to lowest rate
  • More than £255,000? You can still save above your FSCS limit if you choose
  • And the admin? Forget talking to lots of different banks – one account with us is all you need
  • FSCS covered? We aren't, but our partner banks are.
  • For how long? Our partner banks are currently offering a one-year fixed account.
  • What happens after a year? Continue with the best new rate or withdraw
About us

Octopus is an investment company with a difference. We want to change the world of finance for the better, with easy-to-use products and services that help people to manage their money.

Our products don’t just aim to help real people solve real financial problems. They also aim to make a positive impact on the world around us.

Today, Octopus comprises Octopus Investments, Octopus Property, Octopus Energy, Octopus Ventures, Octopus Healthcare and Octopus Labs.

  • £6 billion of assets under management
  • Over 50,000 investors
  • 500 employees
Our partner banks

Three different banks, one thing in common. Like us, our launch partners create straightforward, rewarding products that put the customer first.

What happens when a Cambridge University college and a local pension fund join forces? You get Cambridge & Counties bank: a unique partnership between Trinity Hall, Cambridge and Cambridgeshire Local Government Pension Fund. Specialists in supporting the growth of small and medium size SMEs, Cambridge & Counties has received recognition for their savings accounts, including awards from MoneyFacts and Savings Champion.

Established in 1878, Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. Its retail savings business, Close Brothers Savings, specialises in providing customers with simple and easy to use deposit products that offer consistently competitive interest rates.

OakNorth is the bank for entrepreneurs, by entrepreneurs. Created by entrepreneurs who were frustrated with how the large high street banks treated small and mid-sized companies, OakNorth creates bespoke loans for each borrower based on their specific needs, and completes the loans in days or weeks, rather than the months it takes at larger institutions. OakNorth has raised over £220m of deposits and was named the top challenger bank in the UK by IBS Intelligence in December 2016.

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