Spring Money+Beat the banks - with Spring Money+
Our new low-risk cash solution is here!
Low Risk: Your money will be invested by our team with Global Powerhouse Blackrock.
Liquidity: Designed for shorter-term savings, giving you the freedom you need when you need it.
Beat the bank: Consistent returns with a current gross annual yield 3.86%, giving you more from your savings.
SPRING MONEY+
Is your money sitting idle in your current account? Access a gross annual return of 3.86%* with a low-risk profile, money market investment solution with competitive and transparent fees .
With investing your capital is at risk and you may get less than what you originally invested. Returns are sensitive to the Bank of England’s deposit rate fluctuations.
*The projection is based on the 1-day yield, and is a projection of the rate at which your money could grow over the next year.
WHY SPRING MONEY+?
An account with Spring Money+ is easy to set up. The perfect balance of safe and secure but quick and efficient.
EASY ONBOARDING
We give you 24/7 access to track all your Spring accounts, assess your portfolios, monitor assets, and progress.
PERSONAL REPORTING
LOW PRICING
Our competitive fees are tiered depending on the value you invest with us. From a minimum of 0.20%* up to a maximum of 0.50%* p.a.
With Spring Money+ you can move cash into your portfolio whenever you like with regular or one-off contributions.
FLEXIBLE CONTRIBUTION
You can withdraw anytime. Unlike fixed-term savings accounts, your money is not locked in for a set period.
COMPLETE CONTROL
LIMITED RISK
*Other costs & charges may apply. Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Comprised of low-risk, highly liquid assets such as bonds and certificates of deposit held in a regulated money market fund.
GIVE MORE VALUE TO YOUR MONEY.
HOW IT WORKS
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Open a Spring Money+ account
Your money is held in an interest-earning fund that invests only in highly liquid assets offering returns comparable to the Bank of England base rate with a very low level of risk.
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Access your daily returns
Log in to your Spring client portal and monitor your progress with daily returns. From here you can opt to top up, set up a savings plan or open and view new accounts all in one place.
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You’re in complete control
This portfolio is designed for shorter term time horizons and for low-risk appetites. You can exit or transfer your funds to another portfolio at any time with 5-business day withdrawals.
Your money invested in Spring Money+ is held in the Blackrock ICS Sterling Liquidity Fund. Instead of investing in bonds or shares, like most funds, it invests in short-term debt from governments, banks and companies with strong balance sheets and high credit ratings. This then pays a return as interest.
Is it safe?
These regulated funds offer high liquidity with a very low level of risk. You can use a money market fund to save for short-term goal such as a wedding, a deposit on a home, or unexpected life events.
Slick onboarding, tech enabled solution. The team are always on hand to answer queries and you have real time report..
Slick onboarding & A Great Team
25 Apr 2023
Andrew Horbury
New account Submission
4 Apr 2023
Smooth process, easy to use and access, good service. Clear communications.
Nadine
24 March 2023
Super easy and efficient
The application it’s self was super easy considering I have never invested before. The team I have encountered so far have be..
Kelly Le Gresley
Rated 4.2/5 based on 7 reviews. Showing our 4 & 5 star reviews.
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FAQ’s
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A money market fund is a low-risk investment aiming to give you a slightly higher return than cash.
Instead of investing in bonds or shares, like most funds, it invests in short-term debt. The BlackRock ICS Sterling Liquidity Fund buys short-term debt from governments, banks and companies with strong balance sheets and high credit ratings and earns a return in interest paid.
This makes a money market fund a stable, low-risk investment because the short timeframes mean there’s less uncertainty. And it’s also more diversified than holding cash at one bank.
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The fund is designed to produce a rate close to that of the Bank of England rate and will be sensitive to a change in interest rates. If interest rates fluctuate, the returns of the portfolio may be affected. A change in rates could result in a higher or lower returns than expected.
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By investing in Spring Money+ you will be charged a tiered annual fee of 0.10% up to 0.30% depending on the value of your investment with us covering Spring’s annual fee. Platform and custody charges also apply. There is an additional 0.10% fund management fee for BlackRock. The fund value is automatically updated to reflect BlackRock’s fee, so you won’t see it as a separate charge. Please note, bank charges may apply.
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Yes, we are licensed and regulated by the Jersey Financial Services Commission (JFSC).
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Even though it's a low-risk investment, there's still a chance the value of your investment could fall. It is different from a fixed rate deposit in that the value of an investment in a money market fund may fall or rise and you may get back less than you invested. Liquidity cannot be guaranteed as money market funds do not rely on external support for guaranteeing the liquidity or stabilising the Net Asset Value (NAV) per share.
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There are many benefits associated with Spring Money+ including the liquidity and relative stability of returns from an investment considered to be low-risk.
Costs are low compared to other investment solutions, our annual management is offered on a tiered basis:
• £1000+ to £25,000 – 0.30%
• £25,000+ to £100,000 – 0.25%
• £100,000+ to £150,000 – 0.20%
• Investments over £150,000 will be charged at 0.10%
plus the cost of the underlying funds – equal to 0.1%.
An added bonus is that you can choose to exit or move your cash into your portfolio whenever you like and what’s more, compared to traditional savings accounts, Spring Money+ allows you to benefit from a high-interest rate environment whilst giving you greater flexibility and control over your finances.
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By investing in the Blackrock ICS Sterling Liquidity Fund with Spring Money+, we do not provide you with financial advice for this solution, this means we are not recommending an investment type or investment style for you and you are responsible for making these decisions.
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Spring invest your money in the Blackrock ICS Sterling Liquidity Premier Fund, a regulated UCITS structure, domiciled in Ireland. Spring carry out regular analysis and due diligence on the fund to ensure the fund meets the needs and objectives of our clients.
Spring is authorised and regulated by the Jersey Financial Services Commission (JFSC). With investments, your capital is at risk.