Putting your hard-earned cash to work should be simple, not stressful.
That’s why we developed Octopus Cash.
About us
Octopus Cash

Britain’s savers have it tough. As a nation, we've got £145 billion saved away in fixed-term savings accounts earning next to nothing (Source: FCA, 'Cash savings market study report', 2015).
That's a lot of lazy money. But switching accounts regularly may seem like too much hassle for too little reward.
We think something’s got to change. Octopus Cash is our fixed-term savings service that could help to take the stress out of finding a better home for your savings.

We work with some of the UK's leading challenger banks to give you a top-tier savings rate. And, if you're after a fixed term account, you can forget shopping around for better deals, year in, year out: our fixed term service will automatically offer you our best new rate at the end of the term. It's one less thing to worry about.

Meanwhile, if you’re looking to make a large deposit, we’ll even spread your money across multiple banks to make sure more of it is covered by the Financial Services Compensation Scheme (FSCS).

Founded in 2000

500+ employees

£7+ billion assets under
managment

150,000+ customers

Source: Octopus at 30 June 2017

Octopus Group

Most companies don’t put their customers first. And when it comes to the things that matter most to us in life, like financial security, health and wellbeing, that’s a big problem.

We set up Octopus back in 2000 to change this. We set out to build businesses where our customers would feel so strongly about what we did, and how we did it, that they would proactively recommend us to those they were closest to.

So far our approach is working. We’re changing the way people think about their savings, we’re building care homes, hospitals and schools you’d be proud to send your loved ones to, and we’re supplying hundreds of thousands of UK homes with renewable energy.

And there’s much more to come. We call it ‘a brighter way’. Changing today for a better tomorrow.
Visit: octopusgroup.com

A brighter way

Did you know the average toddler asks 390 questions a day? Sadly, our gift for boundless curiosity dims as we get older. But that’s not Octopus.
We apply the same inquisitive approach to every market we enter. Because when you question the way things are, you can start to make them better.
Find out more: octopusgroup.com/a-brighter-way/

Our partner banks

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

Cambridge & Counties Bank

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

Close Brothers

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 Bank

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.

Aldermore Bank

Aldermore is an SME-focused bank which operates with modern, scalable and legacy-free infrastructure. Founded in 2009, we have grown significantly, posting our first year of profits three years after launching, establishing Aldermore as one of the leading alternative banks. We offer simple financial products and solutions to meet the needs of underserved Small and Medium-sized Enterprises (SMEs); across their business and personal lives, as well as homeowners and savers. We focus on specialist lending across four areas: Asset Finance, Invoice Finance, SME Commercial Mortgages and Residential Mortgages. Our lending activity is predominantly supported by the deposits we receive from Britain’s savers.

Metro Bank

Metro Bank launched in July 2010 as the first new high street bank in more than 100 years. The revolutionary UK bank offers personal and business banking services, with a focus on providing unparalleled levels of service and convenience. Now, it serves over 900,000 customer accounts across its network of 48 stores, recording £8bn in deposits and £6bn in loans in its latest set of full year results. In March 2016, it took the next step in its journey by listing on the London Stock Exchange.

Bank & Clients

B&C was formed in 2014 through the merger of two well-established British financial institutions, each regulated by the FCA; Church House Trust, a retail bank founded in 1978; and Ocean Capital founded in 2002. B&C is a privately-owned UK bank combining the skills of retail and corporate banking to support and finance its clients' aspirations. Inspired by the tradition of private merchant banks, B&C has a specialist approach to serving clients and extending loans. We meet the specific needs of each individual client in a way that leads to long-term relationships and trust by providing products to clients who may be underserved and whose requirements are not always met by the mainstream banks. We provide a range of savings and deposit products, mortgages for residential and commercial real estate clients and corporate advisory and lending services; all at competitive rates.

Want to talk?

If you would like to contact us, just send an email or call us directly. A member of our customer support team will be happy to help.

Give us a call: 0800 294 6848