GetGround has introduced ‘Investment Pots,’ a new financial product offering a 4.21% annualised return, designed to help buy-to-let investors and landlords grow their business savings.
The UK property investment platform, serving 27,000 clients, now allows these clients to transfer funds from business accounts into these investment pots without triggering tax implications or incurring charges.
Investment Pots were tested in a 10-week pre-launch phase, during which landlords invested £1 million, indicating strong interest. The product aims to make idle business cash work harder, offering a swift transfer back to business accounts within four working days.
Moubin Faizullah Khan, co-founder and CEO of GetGround, said: “Over the years, as the volume of cash sitting in our investors’ individual business accounts has grown, so too has the length of time these funds sit in wallets doing nothing.
“We want to challenge this passive treatment of cash by creating a simple alternative that requires minimal effort.
“Whether it’s earning a bit of a return before making annual tax payments or accumulating a larger return to contribute to an off-plan purchase, our Investment Pots help our customers to make their money work harder when they don’t need it, and get it back swiftly when they do.”
Since 2020, GetGround has facilitated property investments and managed services for assets worth over £1.5bn.