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What is the Cash Savings Holding Account?

The Cash Savings Holding Account is an electronic account provided by Bondsmith Savings Ltd.

It is used to:

• Temporarily hold your money while it is being moved into or out of a savings account
• Hold money returned from savings accounts that have reached maturity (for example, a 1-year fixed term account). You are responsible for deciding whether to move this money into your nominated bank account or to reinvest it in a savings account.

Money held in the Cash Savings Holding Account:

• Does not pay interest
• Is safeguarded under FCA electronic money rules

If you need more information or have any further questions, please speak to our friendly team on 0191 242 4866 and select option 5. Available 8.30am - 5.30pm weekdays.