What is a Savings Sock?

A Savings Sock is a current bank account with an IBAN (International Bank Account Number), so transferring money is quick and easy. It is provided by our partner Solarisbank and it allows you to deposit funds to achieve your savings goals, and turn your dreams into a reality.

In addition, it allows you to save your cashback and earn bonus rates. Every year you will receive a 3% bonus on all the cashback that you have in your Savings Sock. If you transfer money from your connected bank account into your Savings Sock, you will receive a 0.1% bonus per year. You can create and name a Savings Sock specifically for any goal you might have.


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Multiple Savings Socks are available, so each of your goals can have a pot of its own. You can find out more about opening a subaccount here.

Other articles you might find interesting:

Do I need to open a Savings Sock account?

How many Savings Socks can I open?

 

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