Member Article

Cascade Cash Management Launches New Rapid Service

As news emerges that over £3 trillion is sat in the wrong accounts here in the UK, and the Bank of England raises interest rates again, a leading fintech cash management provider has launched a new service in response to the need for a quicker turnaround of savings options.

Cascade Cash Management has launched Cascade Rapid, a service which brings savers the option to access a set of their best performing providers who have the quickest and easiest online offerings. As well as some of the highest rates on the market, the service ensures that there is less fuss and that speedier action happens!

Georgia Boddy, Head of Operations at Cascade, is excited to bring the new offering to a wide range of savers. She said:

“This is our quickest cash management service yet. We can still offer the best rates with Cascade Rapid via our top-rated providers, and as we take care of the entire process on your behalf, all you have to do is fund your new account. The seamless service speeds up the process of opening a new account and depositing money, meaning you can relax knowing you are getting the best for every penny – not just today but everyday hereafter.”

Cascade Cash Management is an independent and transparent service created to make savings simple.

The unique online platform generates enhanced cash returns and most attractively, includes every single bank and building society providing clients with the maximum protection they can obtain on deposits under the Financial Services Compensation Scheme through spreading cash across multiple banking licences via professional cash management. Georgia continues:

“Here at Cascade, we are on a mission to make savings simple, helping people to reach their savings goals faster, smarter and happier. As a team we agree with a recent article in the Telegraph that revealed money is languishing in the wrong accounts all across the UK. This means that savers are missing out on increased returns every year by keeping their cash in low-paying easy-access accounts with rates as small as 0.01%. “According to the Bank of England, nearly £1 trillion of savers’ money is in easy-access accounts paying an average rate of just 0.18%. Our Rapid Service is a quicker, more digitalised option, with a choice of accounts. What’s more, our average rates are much higher than many are currently achieving elsewhere with our highest rate currently sitting at 5.11%.” The team is passionate about savings and delivering the best possible outcomes, administering funds on behalf of clients providing direct and independent access to providers to the tune of over £1bn so far. Partners including IFA’s, solicitors, attorneys and accountants can self-brand the product for presentation to their own clients.

This was posted in Bdaily's Members' News section by Anna Toms .