Why it’s worth advising on cash
As a nation, we have £145bn saved away in fixed-term deposits.* But it's earning next to nothing – with the average ‘high street’ bank paying a meagre 0.55%.** Finding your clients a better rate on their savings can be a hassle, for what might seem like little reward.
But what if there was an easy way to give your clients a rate they’ll thank you for, while growing – and protecting – your client bank at the same time?
Join Octopus for their upcoming webinar on Wednesday 1st March at 11am, to learn how you can extract value from the UK’s fast-changing savings market, find out more about their new savings product, Octopus Cash, and pick up an hour’s CPD along the way.
What’s Octopus Cash?
Launched this month, Octopus Cash is a one-year savings account that allows clients of financial advisers to earn a rate that’s nearly double the high street average, while maximising their FSCS coverage. What are the features?
1. Great rate: a fixed-term account that pays over 1%.
2. FSCS protected: Octopus will spread your clients' money across multiple banks so they can save up to £255,000 and still enjoy full FSCS protection.
3. Hassle-free: forget the admin and paperwork of setting up lots of different accounts. Your clients need only open one account with Octopus, and they’ll do the rest.
To find out more, download the brochure and create client illustrations, visit the website – or call the Octopus Cash team on 0800 294 6848. Alternatively, get in touch with your local Business Development Manager here.
The webinar will be eligible for one hour of continuous professional development.
**‘High street’ defined as the ‘Big Five’ banks: RBS (including NatWest); Santander; Barclays; HSBC (including First Direct) and Lloyds. 0.55 per cent is the averaged out one-year savings rate paid by these banks in January 2017.
IMPORTANT INFORMATION: For the use of professional advisers only. Not to be relied upon by retail investors. Octopus Cash is offered by Octopus Co-Lend Ltd., 33 Holborn, London, EC1N 2HT – which is fully authorised and regulated by the Financial Conduct Authority (FCA registration number 722801). Octopus Cash is managed on a day to day basis by Octopus Institutional Deposits Limited (Company registration number 10163532). Money placed via Octopus Cash will be with UK PRA regulated credit institutions.