What is a Hub Account and why do you need to open a Hub Account for me?

For us to manage your cash and open multiple personal savings accounts for you, you need a separate account in your own name which is named on your savings accounts. This is also sometimes known as a linked account.

The linked account must be one we can monitor that is separate to your everyday current account.  For your convenience we open an account for you for this purpose.  We call this your Hub Account.

A Hub Account is simply a bank account in your name, which is used to facilitate moving cash around your savings accounts and to receive interest paid from these savings accounts.

When opening a new savings account the provider may ask for a cheque or electronic bank transfer, by using your Hub Account we can do this for you to reduce the amount of work to you in.