Chetwood launches SmartSave

Chetwood Financial is launching its second consumer product to market. SmartSave is a new savings platform that aims to use technology to make customers better off with a fixed term, fixed rate savings account.

The product has been designed alongside customers who told Chetwood that they wanted a simple way to save; to open and manage their account entirely online, earn interest from day one and, most importantly, they didn’t want their rate to drop to 0% at the end of their term. Plus, they wanted to know their money was 100% protected by the FSCS. So, the digital bank created just that.

SmartSave’s launch follows the first brand Chetwood introduced, LiveLend - a dynamic lending product that adapts to improvements in customers’ credit score by reducing their loan rate.

Andy Mielczarek, CEO and co-founder of Chetwood, says: “We're using our long-term experience in Banking and Technology to challenge how financial services works today and provide smarter, online financial products, with no gimmicks. SmartSave is another great example of just how this can work.”