The New Year has started well for a Warrington Challenger Bank as it has been shortlisted for a major industry award.

Redwood Bank has reached the final of the 2021 Business Moneyfacts Awards, for the second year running, in the Best Business Variable Rate Deposit Account Provider category.

The awards, which began in 2006 and take place every April, historically have always been the largest business finance ceremony in the UK and continue to be a major industry highlight.

Extensive product monitoring is carried out throughout the year, and the broker and business communities are also consulted for their feedback.

Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said: “We are delighted to be recognised for our continued commitment to business savers.

“The Business Moneyfacts Awards logo is a widely recognised badge of excellence. So, we are proud to be recognised, again, by Moneyfacts, which demonstrates and showcases our success.

“We picked up six industry awards last year, despite COVID-19 dominating the agenda for the majority of 2020, but this year it would be great to top that record.”

Redwood Bank is no stranger to picking up Business Moneyfacts Awards, having previously scooped the Best Business Fixed Account Provider 2020 prize and in 2019 it won the Best Business Fixed Rate Account Provider category.

According to organisers of the awards ceremony, the finalists and eventual winners are decided upon via a combination of methods.

For all product-specific categories, detailed weekly analysis of the data provided to them is studied by its research team. Judges look at the providers who offer competitive products to new savers, but also those providers that are supporting their existing customers as well. In addition, they also take into account feedback provided from customers.

For service categories, the broker and business communities are offered the chance to submit testimonials for their preferred providers.

The awards will be announced on Thursday, April 15, 2021.

To find a complete list of Redwood Bank’s previous award wins, click here.

For further information, visit www.redwoodbank.co.uk.