Digital investment platform Wealthify is launching its first savings account using embedded banking technology from ClearBank.
Founded in 2016 and backed by Aviva, Wealthify is an app and web-based wealth platform which offers a range of investment products, including Stocks and Shares ISAs, Junior ISAs, Self-Invested Personal Pensions, and General Investment Accounts—all of which are managed by a team of investment experts.
The new savings account tracks the Bank of England’s base rate and currently offers an interest rate of 4.91% AER/ 4.80% gross. The account comes with FSCS protection for customer money up to £85,000.
Andy Russell, CEO, Wealthify, comments: “The way people save has evolved rapidly over the last decade. Wealthify’s savings account—powered by ClearBank—offers speedy setup, a great rate, and the ability to see savings and investments all in one place—a holistic view of your finances, at your fingertips.”