Whether you’re part of an Independent School or a Multi-Academy Trust, you can open a Schools savings account with Akoni Hub. Join our existing clientele in the education sector and give your school’s savings the interest they deserve. One application is all you’ll need to deposit into multiple UK-authorised, FCA, and PRA Regulated Banking Partners in our online cash management platform.
The account operates using Expected Profit Rates. Bank of London and The Middle East plc operates under Islamic finance principles and does not offer interest-based products. Instead, they pay a profit rate.
Complete the form, get a tailored deposit illustration within one business day, and meet online with your dedicated UK account manager.
After onboarding, access 10 + FSCS-eligible UK banks (Instant Access, Notice, Fixed-Term). Fund from your nominated account and set instructions in the platform.
Funds are ring-fenced at Barclays and protected up to £85 k per bank under FSCS. Transfers only move between the Hub and your nominated account.
Know that your cash is well-protected with our banking partners.
Akoni's algorithm-powered cash management platform can help your business earn more interest on its cash with reduced financial risk. We'll do the research for you and show you tailored interest-bearing products from our partner banks.
Akoni’s cash management platform enables you to say goodbye to recurring paperwork and easily access a range of interest-bearing products while ensuring your risk, compliance and liquidity needs are met, without the hassle of opening new accounts.
By spreading your company's cash across more banks, you maximise your FSCS protection. And, when you use Akoni, you do so without the hassle of opening and monitoring multiple accounts.We’re also FCA-regulated and use Fitch Implied Ratings (FIR) to help you select the right banks for your preferences.
Our 12-month liquidity profile, funds snapshot, and risk allocation tools let you track, analyse, compare and effectively manage all your cash deposits straight from our simple platform so you’ll never be surprised by cash shortfalls or windfalls again.
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