How do I fund my savings account?
To fund your account, you’ll need to send money from your nominated bank account to your Holding account.
Use your Holding account for deposits
Your Holding account is a secure bank account. It acts as a bridge between your nominated bank and your chosen savings account. Add money to it, then follow the steps in the app to move it to your chosen savings account.
Your payment details are in the app
To see your Holding account payment details, go to “Your details” in the “Save” section of the app.
We’ll never include payment details in an email
For your safety, always log in to the app to view the payment information for your Holding account.
Make the payment from your nominated bank account
For security reasons, we only accept deposits from the bank account you’ve linked to Savings by MoneySuperMarket. You can check and change your nominated bank at any time. Just follow the instructions in this Help Centre article.
What is the Holding account?
Your Holding account is a secure account provided by Bondsmith Savings Nominees Ltd. Money in your Holding account is held with a UK bank (currently HSBC Bank plc) and is protected by the Financial Services Compensation Scheme (FSCS), subject to FSCS limits.
Your Holding account acts as a bridge between your nominated bank and your chosen savings account. Add money to it by using the payment information in “Your details”. Then follow the steps in the app to move it to your chosen savings account.
You won’t earn any interest on money in your Holding account.
We’ll never send payment details by email. For your safety, always log in to the app to view the payment information for your Holding account.