Before you apply for a Cash savings hub

When you apply for an AJ Bell Cash savings hub, we’ll open you a transaction account with your own personal sort code and account number. Money you pay in will be held here before it's moved into your chosen savings account(s). An additional anti-money laundering check will be done.

Before you apply, just remember:

• You’ll need to be 18 or over, a UK resident, and be opening the account as an individual.
• Any deposits you make must be from the bank account you already have registered with us.
• You’ll need your own UK registered phone number - we unfortunately can’t accept shared phone numbers.
• You won’t be able to open a Cash savings hub if you already have an account with our partner, Raisin.
• You'll need to open a Cash savings hub before you can select a savings rate. Once your application is approved, you can choose the rate that suits you best.

What you need to know about our Cash savings hub:

• The maximum you can deposit with any one bank is £120,000.
• Our panel of banks will pay interest or profit gross of tax. The interest or profit you earn counts towards your Personal Savings Allowance and you’ll be responsible for paying any tax you owe to HM Revenue and Customs.
• How you're taxed will depend on your circumstances, and tax rules can change.

Get to know our Cash savings hub

Make sure an AJ Bell Cash savings hub is right for you by reading about our terms and conditions, risks and charges and rates.

If you’re unsure, read more about our Cash savings hub.