Matthew Parden chartered accountant, financial expert, and CEO of the emerging money management app Marygold & Co., is available to offer insights on how the recent interest rate cut will affect savers and provide advice on how Britons can stay on track with their savings goals.
Matthew is available to discuss: The Bank of England’s recent decision to reduce interest rates from 4.75% to 4.5%, the lowest rate since June 2023, aimed at making borrowing more affordable and boosting consumer spending.
- Tackling the Root Cause of Poor Saving Habits
Recent research reveals that 26% of Brits dip into their savings regularly, undermining long-term goals. Marygold combats this with its “Digital Piggy Bank” feature, which hides savings from view, encouraging long-term saving by making it easier to avoid the temptation of spending what you save. - Counteracting Impulsive Spending
Marygold’s “Time-lock Protection” is a unique feature aimed at helping users avoid impulsive spending. By incorporating a cooling-off period for transactions, it encourages mindful spending, protecting individuals from financial decisions made in the heat of the moment. - Real-Time Financial Flexibility
Over 29% of Brits report that their financial situations change monthly. Marygold & Co. is pioneering a banking system that adapts to individuals’ real-time financial circumstances, making budgeting and saving easier for those whose income is unstable or unpredictable. - The Importance of Personalised Banking
Marygold recognises that 12% of UK banking customers feel their current bank doesn’t accommodate their fluctuating financial needs. Through its “Money Pools” feature, Marygold creates a central hub for users to organise their savings based on their specific goals, empowering users to take control of their financial future. - Strengthening the Bank-User Relationship
In a banking landscape where nearly a third of users say their needs change monthly, there’s a growing disconnect between people’s financial lives and their banks. Marygold’s “Nudge” feature sends tailored reminders to help users stay on top of their savings and bills, ensuring they never miss an important financial deadline.
Launching this March, Marygold & Co. is seeking to radically simplify how Brits manage their personal finances by offering features designed to mirror the diverse and dynamic needs of today’s consumer. Matthew Parden, CEO of Marygold & Co., is available to discuss how real-time money organisation can help bridge the divide between economic realities and outdated banking systems.
