Cofunds unveils cash account

The account enables investors to hold cash on the Cofunds platform, whilst allowing advisers to manage their investment portfolios more effectively. It will facilitate timely investment as there is no need to post cheques and provides a home for settlement of investments as well as all investment income including rebated trail and other cash. On balances of less than £100,000 interest is 1% below Bank of England Base Rate and on larger sums it is 0.5% below with instant access at all times. The account is free to use. Assets in the account are automatically included in online valuations...