Diversify your funds

You can open a Vault account for a holding company as well as trading companies.

You can open multiple Vault accounts for your different businesses, however, you will need to have separate email addresses for each account.

No, you do not need to change your current daily banking relationships, unless you have accounts with a provider not on appearing on the Bank of England’s list of authorised banks. You can deposit and place surplus cash on our platform while keeping day-to-day transactions with your existing banking provider.

Insignis Cash conducts anti-money laundering checks on all clients as required by the law and regulations that apply.

We also offer US dollar and Euro accounts through Interactive Brokers.

FSCS is the body that gives you protection up to £85,000 if your bank, building society or credit union goes out of business; and you’ll normally get your money back within seven days. All UK-based banks on the panel with our partner Insignis Cash are members of the UK Financial Services Compensation Scheme (FSCS).You can find out more about FSCS here.

We operate on a revenue-share basis with Insignis Cash. Round receives a % of the fees Insignis Cash generates.

By spreading your savings across multiple banks, you can optimise your FSCS eligibility. For every additional eligible bank you deposit with, you could get an additional £85,000 protection on your cash. This is powered through our partner, Insignis Cash.The USP of Vault is that you KYB once and can then spread your cash across a network of partner banks to optimise your FSCS coverage eligibility (while earning a competitive yield).

Once you deposit funds into your Hub account, Insignis Cash sets aside the annual account service fee and draws down monthly payments in arrears from this fee reserve account. We charge a minimum of one-quarter of the fees, after which fees are charged pro rata. While the funds are in the fee reserve, they remain in the client’s name. There are no other fees for the service.

Funds can take up to one business day to appear in the Hub account, provided they come from your linked bank account with the correct reference. You receive an email notification from Insignis Cash once the funds are available to be placed.

Client data, including personal and organisational information is encrypted using proprietary encryption methods. All Personal data is encrypted when data is at rest and access is only permitted to authorised personnel.

Access to the Insignis Cash Management Platform is secured using Strong Customer Authentication (SCA username, password, and PIN code sent to registered mobile).

For legal entities or arrangements, we need identification and verification of beneficial owners, controlling parties, and business activities. Evidence of the source of funds and assessment of source of wealth are also necessary. Additional information or documentationmay be required to meet regulatory requirements.

Our only charge is the annual account service fee, which is based on the total deposit and begins at 0.25%, which is due monthly in arrears. There are no other fees for the service.

Your funds are securely held by the relevant financial institutions, not by Round or Insignis Cash. Funds would be retained by the banks and building societies until maturity (if applicable), when the funds will be returned to the linked account.

1. Apply – Complete your single sign-up process to open your account with our partnerInsignis Cash.

2. Place – Choose from hundreds of savings products to meet your savings and liquidity needs.

3. Earn – Easily move your cash deposits between banks, optimise FSCS protection, and watch your funds grow.

4. Enjoy – Withdraw money from your Hub account at any time.

You can generate three reports at any time:

• Portfolio Summary: an overview of all the funds currently on our platform.
• Transaction History: lists all movements on the account, for any period, including details of charges made.
• Interest Received: summarises all the interest received across all the products in the Portfolio.

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You always stay the beneficial owner of your funds throughout the process. The funds never become assets of Round or Insignis Cash.

To open an account for your business, all the beneficiaries (>25% beneficial ownership) must be:

• Over 18 years old (unless in the case of a trust)
• UK citizens
• Permanent UK residents (residency permit will be required where the client is not a UK citizen)
• UK incorporated legal entities or arrangements
• UK tax-payers

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The minimum deposit is £50,000.