Ditch the hassle & beat the high street with Octopus Cash
Overall interest rate:
Amount to be deposited:
Final balance after one year:
Octopus Cash is a one-year fixed term savings account with a difference...
Earn up to 1.62%
No teaser rates. We'll give you our next best rate at the end of the one-year term.
Deposits will be protected by the Financial Services Compensation Scheme up to £255,000
By working with UK challenger banks, Octopus Cash helps individuals earn double the high street average, without the hassle of regular switching.*
Now corporate clients can get involved, too.
- In a nutshell? A one-year company account that aims to give a top-tier rate, year-in, year-out.
- What about the admin? No switching required. You'll automatically get our best new rate at the end of the term.
- How much can I save? Companies can currently save up to £1,100,000.
- FSCS covered? You'll have the usual FSCS protection of up to £85,000.
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
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.
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.
“Hot on the heels of announcements that several banks are closing dozens of branches across the country, a service is to be launched to help savers to switch accounts.”
“Octopus Investments has launched a savings account with a rate that is almost double that offered by Britain’s largest banks.”
*High street’ defined as the ‘Big Five’ banks: RBS (including NatWest); Santander; Barclays; HSBC (including First Direct) and Lloyds. 0.55 per cent is the averaged out one-year savings rate paid by these banks in January 2017.