By lending your money banks typically earn 1-5% on mortgages, 5-10% on loans and 0-20% on credit cards. But you get less than 1% in interest.
Nearly six in ten UK adults have no cash savings or savings of less than £5,000. - FCA Financial Lives Survey 2017
“After the last rate rise, half of savings account rates were unchanged.” – BBC News
A current account that tracks your spending and helps you save. It’s complete with a debit card, sort code and account number.
Saving is automatic and effortless, with cash prizes to keep you motivated. Also, a bond with 5% p.a. interest on your savings, paid monthly.
Simplified investing just a tap away, with choices to suit your experience, financial goals, even your world view.
Your current account money will be securely held in segregated client accounts at a UK high street bank in accordance with the FCA requirements and the Electronic Money Regulations 2011.
When investing in a bond, dozens will place an amount of money equal to the amount you invested plus interest in a trustee-controlled separate account. This amount is held on your behalf, and would be used to pay you in the event of any default.
When investing in a strategy, please be aware that the value of your investment may go down as well as up. dozens does not give financial advice, you should speak to an expert if you are unsure about investing.
Keep your eyes peeled.
Exciting things to come!
dozens is a trading name of Project Imagine Ltd, a company registered in England and Wales (No. 11153882). We are an authorised e-money institution (FRN 900894) under the Electronic Money Regulations 2011. Our registered office is at 1 St Katharine’s Way London E1W 1UN.