Cash Management
Help with this page
Back to list
A service offering an interest bearing account, where dividends are deposited and tax information is provided.
A Cash Deposit Account is opened in the client's name through which Fyshe is given authority to efficiently manage any un-invested cash that may arise from time to time. The account will be interest bearing and a suitable tax certificate will be issued shortly following the end of the tax year.
The rates of interest paid on this account are as follows: -
Balances up to £500 = no interest paid
Any Excess = 1.5% below Bank of Scotland base rate
With base rates currently at 0.5%, no interest is being paid!!!
Key Features: - Quick and easy payments into, and out of your trading account via electronic bank transfer (BACS)
- Option of a Cash Deposit account, allowing your money to earn you interest between trades
- Dividends collected and paid out to a designated bank account on a monthly basis, providing balance exceeds £50.
Disclaimer: You should be aware that the price and value of any investments and the income, if any, from them can fluctuate and may fall against your interests. You may get back less than the amount originally invested.
Information on past performance, where given, is not necessarily a guide to future performance. Exchange rate fluctuations may have an adverse effect on the value of financial instruments quoted in a currency other than your agreed settlement currency. The investment and services offered may not be suitable for all investors. Investors with any doubts as to the merits of an investment should seek advice from a suitably qualified professional advisor. You should also be satisfied that the product is suitable for you in the light of your circumstances and financial position.If you are unsure about the suitability of an investment please contact us for advice.