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Getting Started with Savings

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What is Savings by MoneySuperMarket?

Savings by MoneySuperMarket is a smart way for UK savers to compare, choose, and manage savings accounts all in the MoneySuperMarket app.

With Savings by MoneySuperMarket, you can:

  • Access a range of savings accounts with competitive interest rates

  • Open and switch with fewer forms to fill out

  • Earn rewards with SuperSaveClub

Savings by MoneySuperMarket is built in partnership with Bondsmith, a financial technology company.

All the banks we work with are covered by the Financial Services Compensation Scheme (FSCS). This means your money is protected up to £120,000 per person, per banking group.

Some banks are part of the same group. If you have accounts with two banks in the same group (that share a banking licence), the £120,000 limit applies to the total amount across both – not each bank.

Who can open an account?

To set up a Savings by MoneySuperMarket account, you’ll need to:

  • Be aged 18 or over

  • Have a MoneySuperMarket account

  • Download and use the MoneySuperMarket app

  • Live in the UK

Please note: This service is only available to UK residents. We’re unable to support applications from US nationals or US tax residents at this time.

How does Savings by MoneySuperMarket work?

Start saving smarter with Savings by MoneySuperMarket in just four simple steps:

  1. Register: Sign up to get access to Savings by MoneySuperMarket in our app.

  2. Choose where to save: Take a look at our range of fixed term, notice, and easy access options. See interest rates and terms side-by-side and pick the account that fits your financial goals.

  3. Open an account: Select “Open account” and follow the steps to add your money and start earning interest. No extra forms, no extra logins.

  4. Stay in control: Manage your savings with one login, directly from your MoneySuperMarket app.

You can open as many accounts as you like and spread your money across different types of accounts with different banks.

How do I open an account?

To open a Savings by MoneySuperMarket account and get started, you’ll need to:

  1. Download the MoneySuperMarket app Log in or follow the steps to create a MoneySuperMarket account. Then, tap on the “Save” icon to get started.

  2. Have your details ready You’ll need:

    1. Your National Insurance number

    2. Bank details for the account you’ll transfer money from

3. Apply in the app Your details will be used to set up your account and shared with our partner Bondsmith, to administer your savings account.

Once you’re set up, you can apply for savings accounts with our partner banks and start saving.

Is Savings by MoneySuperMarket free to use?

Savings by MoneySuperMarket does not charge you any fees. MoneySuperMarket makes money by receiving fees from Bondsmith. These are taken into account before a product appears and doesn't influence the rates displayed. So the rate you see is exactly what you’ll get.

Bondsmith

Who are Bondsmith?

MoneySuperMarket are partnering with Bondsmith, a financial technology company, to bring you Savings by MoneySuperMarket. Bondsmith is the trading name of Bondsmith Savings Ltd and Bondsmith Savings Nominees Ltd.

Bondsmith Savings Nominees Ltd provides the Holding account and acts as trustee for your money. Funds are held on trust with UK-regulated banks and are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per banking group, subject to eligibility.

Bondsmith Savings Ltd provides the technology and services that enable you to access and manage your savings through Savings by MoneySuperMarket.

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