Insignis savings platform

Insignis responded to a Request for Information from the Department of Education and has been approved for use by the education sector.

Other companies offer similar services. Seek independent advice to find the best option for your organisation.

How Insignis works

Insignis is a savings platform that connects schools and trusts to a panel of over 50 UK-regulated banks and building societies. Clients receive the full interest rate advertised and are charged a fee by Insignis which is based on the amount deposited. Eligible deposits are protected by the Financial Services Compensation Scheme.

New clients complete a single application to unlock access to a wide range of savings accounts offered by multiple banks and building societies. This saves time and avoids duplication for schools and trusts that wish to place funds with a variety of providers.

Insignis offers

• a simple and transparent fee structure
• access to competitive interest rates which may not be available directly from the banks and building societies
• account support from a Relationship Manager
• fraud and error protection features
• the ability for schools and trusts to access and manage all savings accounts from one platform accessed via a single log-in
• real-time reporting dashboards displaying accurate interest rates and a breakdown of where cash is held
• a range of short-term and long-term deposit options

Visit the Insignis cash savings platform (opens in new tab)

Insignis is authorised and regulated by the Financial Conduct Authority for the provision of payment services (firm reference number 813442).