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With an estimated £1.7tn stashed away in various savings accounts, earning low to no interest, UK savers are being urged not to suffer Stockholm syndrome when it comes to their savings and shop around to make the most of their money.
To assist savers Raisin UK, the leading online savings marketplace, is introducing a non-UK alternative with exclusive Swedish savings provider HoistSavings, a part of Hoist Finance, with six savings accounts for customers.
Established in Sweden in 1994, Stockholm-based HoistSavings, a part of Hoist Finance, has launched
six key products with Raisin UK, including one, two, three, four, and five-year fixed-rate bonds and an easy one access account.
Commenting on the launch of HoistSavings, Kevin Mountford, co-founder of Raisin UK, said: “We are extremely excited to welcome HoistSavings to the UK, exclusively through the Raisin UK marketplace. As a champion of consumer savings, we are constantly developing relationships with new and existing partners to offer consumers the best possible rates for their hard-earned cash.
“Over 380,000 savers have already benefited from the experience of cross-border banking thanks to Raisin DS across Europe, and the flexibility it offers them to broaden their savings horizons outside of their home country.
We’re excited to offer this option to UK savers and partner with Hoist to offer this exclusively to customers on Raisin.co.uk “
Carl-Fabian Pellnor, Head of HoistSavings and Business Development, added: “We are delighted to now be able to offer our HoistSavings products also to UK customers. Thanks to its user-friendliness, we are convinced that customers will find the Raisin UK marketplace easy to use and find a good product that fits their unique saving needs.”
To date, Raisin has brokered 38 billion Euros across Europe and has 385,000 customers across 31 European countries on Raisin’s seven platforms. With 114 partner banks, Raisin offers by far the largest variety of products and partner banks of all savings platforms and allows customers a wider choice and freedom of choice.