EasyMoney
easyMoney is a banking brand in the United Kingdom established in 2001 as a division of easyGroup.
| Type | Trading name |
|---|---|
| Industry | Banking, Financial services |
| Founded | 21 August 2001 |
| Founder | Sir Stelios Haji-Ioannou |
| Headquarters | United Kingdom |
| Services | Retail banking SME banking |
| Parent | easyGroup |
| Website | easymoney |
History
On 21 August 2001 the credit card company easyMoney was set up with Accucard (now part of Lloyds Bank), which was expanded on 14 February 2005 with the announcement that unbundled car insurance products provided by Zurich would be sold later in the year as easyMoney insurance. In April 2006, easyGroup linked with Moneysupermarket.com to provide a financial product comparison website.[1] This coincided with the withdrawal of the EasyMoney credit card.
In February 2018, easyMoney relaunched under new ownership as a peer-to-peer lending company providing savers with an option to earn higher interest than the high street banks by lending their money to property professionals. This followed the UK government's move in April 2016 to allow peer-to-peer lending products to be held in a new tax-free Individual Savings Account (ISA) wrapper called an "Innovative Finance ISA".[2]
See also
References
- Gavin Richardson (13 April 2006). "news : easyMoney expands". easy.com. Retrieved 2010-08-17.
- "easyMoney IFISA: how do its 4% and 7.28% Innovative Finance ISAs compare?".