Prosper Cash Savings
Get competitive rates from a wide range of banks. Apply once and access them all through one account.
Why save?
That’s why we’ve launched savings. We’re here to help you prosper, and maximising returns on your cash is a big part of that.”
Some of the products we offer
365 Day Notice Tracker
185 Day Notice Tracker
90 Day Notice (Base Tracker)
6 Month Fixed Term Deposit
3 Month Fixed Term Deposit
95 Day Notice
How your money is protected
We’re regulated by the Financial Conduct Authority (FCA).
Money in your savings accounts is protected by the Financial Services Compensation Scheme (FSCS), up to £85,000 per bank.
We use bank-grade security and encryption to safeguard your data.
When money is in your Prosper holding account and not in a savings account, it's held by Barclays Bank or HSBC. The Akoni platform uses Barclays and Bondsmith uses HSBC.
Frequently asked questions
- Who are Prosper and what do we do?
We're building a digital-first wealth management platform that offers transparent, fair and low-cost access to a broad range of investment accounts, such as:
- Self-invested personal pensions (SIPPs)
- Individual savings accounts (ISAs)
- General investment accounts (GIAs)
- Cash savings accounts
Our members will enjoy zero or low annual costs on investment products from a wide selection of established and well-known asset managers. From Vanguard, the low-cost leader’s ETFs, to ready-made portfolios from Blackrock, the world’s largest asset manager, Prosper caters for a broad range of investing experience and preferences.
We’re a community of smart investors on a mission to maximise potential returns and minimise fees. Prosper exists to grow our members’ wealth so they can get more of the life they want.
Our board, advisory and senior management are a highly experienced, multi-disciplinary team, with a proven track record of building some significant financial services firms such as: Embark, now part of Lloyds Bank, Tandem Bank, Peel Hunt, Capital One and Worldfirst, now part of Ant Group.
- Do I pay a fee?
No, you don’t pay a fee to open a Prosper Cash Savings account. The banks we partner with pay us a commission for bringing them new customers. Don’t worry, we’ve done the maths for you. The amount you see on our platform is the actual rate you’ll get.
- How long does it take to open an account?
Opening an account is easy and only takes a few minutes online. All you’ll need is your passport or driver’s license, National Insurance number, and bank details.
- What’s a savings platform and how does it work?
A savings platform acts as a centralised marketplace where you can access a variety of savings accounts from different banks and financial institutions. You can compare, open, and manage accounts all in one place, simplifying the saving process and maximising your potential earnings.
- Who is Bondsmith?
Prosper partners with Bondsmith to bring you access to multiple banks through the Prosper app. Bondsmith is an FCA regulated financial technology company that supports cash savings solutions to customer facing businesses. Bondsmith was formed in 2021 from a strategic partnership with FNZ Group to bring cash as an asset class to the wealth management industry. You can read more about them on their website here.
- Who is Akoni?
Prosper partners with Akoni to provide access to a range of savings accounts via our banking partners. Akoni Hub Limited is authorised and regulated by the Financial Conduct Authority. Akoni cash savings accounts are only available to manage and open via their dedicated website and not through the Prosper app. Read more about Akoni here.
Download the app to begin
Welcome to Prosper!
Due to unprecedented demand we can't onboard more Founding Members to the app today. Leave us your email and we'll let you know as soon as you can join. Thank you!
When you invest your capital is at risk.