Vida Bank has hit a significant milestone in its savings business, Vida Savings, and has earned two industry awards.
Since its launch less than six months ago, Vida Savings has attracted over £1bn in deposits.
The business was also named ‘Best New Savings Provider’ in the MoneyComms Top Performers Awards.
At the same time, Vida Bank has also been awarded ‘Best Mortgage Bank for Underserved Borrowers’ by BFSI Insider.
Anth Mooney (pictured), CEO of Vida Bank, said: “Both awards are a real testament to the hard work and commitment from everyone who works at Vida Bank.
“It’s particularly pleasing to see Vida Savings being recognised. We are passionate about helping more savers access fair, transparent, and competitive interest rates.
“Reaching £1bn in savings balances and receiving these awards highlights the strength of our offer in the UK market.
“I want to thank all our 37,000 customers who have put their trust and hard-earned savings into Vida Savings.”
Rachel Springall, finance expert at Moneyfactscompare.co.uk, said: “It’s exciting to see Vida Savings achieve over £1bn in savings deposits in such a short time frame, clearly consumers are impressed by their range of competitive products.
“Hopefully, this news will encourage more savers to review their current deal and take advantage of a better rate.
“Vida Savings offer a variety of top-rate deals across standard savings accounts and cash ISAs, and having an array of deals can help serve savers who have varying requirements.”
