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08 June 2018

Masthaven Bank reaches 10,000th savings customer

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Masthaven Bank has today announced it has reached over 10,000 customers in its savings division, just over 18 months after launching its first savings product.

The specialist lender gained its retail banking license in 2016 and has since seen impressive growth. Acknowledged by the MoneyNet Awards as the Most Innovative Savings Provider award in both 2017 and 2018 (double gold), Masthaven continues its mission to offer innovative digital solutions supported by personal service.

Masthaven offers a flexible term saver account which allows customers to determine precisely the day when their account will mature, with options ranging between six months and five years, as well as how and when the interest will be paid.

The news follows Masthaven’s rapid acceleration over the last year across both its savings and mortgage divisions. With the full roll-out of its larger loan proposition - Bridging Plus - to the wider market, recent new hires and internal senior promotions, alongside a succession of partner announcements including TMA Club, Intrinsic and SimplyBiz, the second half of the year is set to be an exciting one for the specialist bank.

Simon Furnell, Chief Operating Officer of Savings at Masthaven, says: “Reaching this milestone is testament to our commitment to providing our customers with flexible products and personal service to meet their savings needs. We understand every customer has a unique set of circumstances, requirements and savings goals and are determined to respond innovatively with convenient solutions like our online maturity manager.

“We look forward to seeing our customer base increase further as we continually work to provide our customers with products and services that all help to improve the unique saving and banking experience with Masthaven.”
Masthaven’s 10,000th savings customer, says: “I am delighted to be Masthaven’s 10,000th savings customer. I chose to join Masthaven as I was impressed by their easy to use website, friendly and knowledgeable team and competitive product range. I have been treated as an individual person, not just a number, and look forward to continuing my savings journey with a bank that takes a common sense approach to banking.”