Cash ISA from Selftrade

Selftrade is one of the UK's leading execution-only stockbrokers and is now the first broker-bank in the country.

Becoming a broker-bank means Selftrade is authorised to take deposits by the Financial Services Authority (FSA) and can, for the first time, offer cash Individual Savings Accounts (ISAs) alongside investment products.

One of the advantages to opening a Cash ISA with Selftrade is that you can manage your money alongside your other investments - using one simple platform to ensure you stay in control of your finances.

Why choose Cash ISA?

Unlike Shares ISAs, there is no market risk to your capital when you open a Cash ISA. The return you generate on your cash is determined by the interest rate attached to the account, rather than market movements. Interest is exempt from UK tax making this a tax-efficient way to save, although tax rules may change and any tax benefits depend on individual circumstances.

This means you can open a Cash ISA with the most competitive rates to get your money to work for you, without having to worry that the value of your savings will drop unexpectedly. Another reason that Cash ISAs are popular is that they allow you to save up to £5,340* per financial year tax-free and you can move funds from your Selftrade Cash ISA to Shares ISAs at any time which takes 2 – 3 days to complete.

Transferring all or part of your balance from a cash product to one where you can trade shares may be a route you wish to go down if you want the potential of higher returns.

If you want to keep your Cash ISA and also open a Shares ISA, Selftrade is the ideal choice. Using the simple online platform, you will be able to keep track of both of your accounts with ease.

Selftrade only charge a single annual management fee of £35+VAT, regardless of how many accounts you hold, so you need not worry about extra expenses cropping up either.

If you only open a Cash ISA with Selftrade, the management fee will not apply.

*Amount increases each year

Why open a Selftrade Cash ISA?

Selftrade offers a competitive Cash ISA rate:

• Earn 2.62% AER including variable rate and fixed rate bonus
• Transfers of existing Cash ISAs welcome
• View your savings and investments in one account
• Available to UK residents aged 18 or over

At Selftrade, you take control of your financial situation and investments, which is why the accounts give you plenty of flexibility to enable you to manage them as you see fit.

Clients have been using Selftrade’s services since 2000, so you will enjoy more than a decade’s experience in the personal investment sector.

Selftrade aims to offer the highest levels of customer service, so if you would like more information about any aspect of the products or services on offer, do not hesitate to get in touch.

Selftrade is a trading name for Talos Securities Limited - a company that is a member of the London Stock Exchange and authorised and regulated by the Financial Services Authority (FSA). Selftrade is required to comply with strict financial resource rules laid down by the regulator, the FSA.

Please note that Selftrade cannot provide financial advice, so if you need some assistance to decide which savings account is most suitable for you, please consult an independent financial adviser.

An independent financial adviser can help you figure out how much risk you are prepared to take with your money and ensure that the Cash ISA you open is competitive on the current market.

So, why not contact Selftrade today to find out how a Cash ISA or other accounts and investment options could benefit you? You can visit the website www.selftrade.co.uk or contact Customer Services on 0845 0700 720.

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