29 April, 2021
Get 0.5% on easy access savings
Good news: you’re now earning 0.5% returns on your easy access savings. And if you don't have any easy access savings with Multiply yet, you're missing out.
Your Multiply instant access pot now offers:
- 0.5% annual returns on balances up to £2,000
- Autosaving from your connected bank account
- Instant in-app withdrawals
Returns are calculated daily and paid out quarterly in January, April, July and October.
What type of account is it?
The Multiply easy access savings pot is an e-wallet that offers instant withdrawals. It’s provided by Modulr Finance and comes as standard with your Multiply account.
It’s also the hub account for all your Multiply savings and investments - any top-ups or auto saves to your other products go via this pot.
Is my money safe?
Your savings are held at an account at the Bank of England, so your money is safe and protected with bank-grade security. Multiply and Modulr are regulated by the FCA.
How does the 0.5% return work?
The Multiply easy access savings pot pays an annual 0.5% return on balances up to £2,000. This return is calculated daily and paid quarterly.
Returns are paid in January, April, July, and October regardless of when you opened your account or started saving. If you close your account, you’ll lose any returns accrued since the last payment.
You are responsible for the declaration to HMRC of any returns paid.