Launch of Personal Savings Products

RNS Number : 9841B

Distribution Finance Cap. Hldgs PLC

13 October 2020

 

14 October 2020

Distribution Finance Capital Holdings plc

("DF Capital" or "DF Capital Bank Limited" or the "Company" together with its subsidiaries the "Group")

Launch of Personal Savings Products

Distribution Finance Capital Holdings plc, a newly authorised bank providing working capital solutions to dealers and manufacturers across the UK, today announces that its subsidiary, DF Capital Bank Limited, has launched its first line of personal savings products, which will feature in the best buy tables of three saving rate aggregators.

The Group has launched a 1 year fixed rate account at 1.18% AER and a 90-day notice account at 1.12% AER. The Group expects to launch 18 month and 2 year fixed rate products shortly.

Carl D'Ammassa, Chief Executive of the Group commented: "We are excited to launch these personal saving products to the wider market following a period of product testing and exclusive promotion. We are delighted with the feedback we have received and feel confident that our highly automated and online application process will prove relevant to UK savers who are looking for competitive rates and excellent service from their bank, with the added assurance of the Financial Services Compensation Scheme to protect their savings up to £85,000."

For further information contact:

Distribution Finance Capital Holdings plc
Carl D'Ammassa - Chief Executive Officer	[phone]
Kam Bansil - Head of Investor Relations	[phone]
http://www.dfcapital-investors.com
Investec Bank plc (Nomad and Broker)	[phone]
David Anderson Bruce Garrow Duncan Wilson
Blue Pool Communications (Financial PR)
Nick Lord		[phone]

 

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