REDWOOD Bank – the challenger bank that Warrington Borough Council has a one-third stake in – has won a prestigious industry savings award for the third year in a row.
It has beaten Nationwide Building Society, United Trust Bank and Virgin Money to be named the winner of the Best Business Variable Rate Deposit Account Provider category.
It is the third Business Moneyfacts prize for the bank, which brings its entire awards haul to an impressive 25 in just four years.
For the second year running the winners of the Business Moneyfacts Awards were announced virtually. The awards programme has been around since 2006 and pre-COVID-19 it had become the largest business finance ceremony in the UK.
The winners are determined by extensive product monitoring carried out throughout the preceding year. Broker and business communities are also consulted for their feedback on each organisation.
Chief executive Gary Wilkinson said: “This award is especially important because it was based on our performance during 2020, a year which was very challenging for everyone.
“It’s a huge honour to win this award three years in a row, as the Business Moneyfacts Awards logo is such a widely recognised badge of excellence.
“Awards are not what drives us, instead we are committed to providing the best possible customer products and service we can. Having said that, when our hard work is recognised and we receive yet another award, I cannot deny that it feels great that our fantastic team is being recognised.”