Regulatory Capital Cash

by Insignis Cash Solutions in News

We have been visiting a number of Wealth Managers across the country over the last few weeks and the topic of regulatory capital cash often comes up.

A firm can have a large amount of money sitting in a single bank account earning little interest. We would recommend diversifying the funds across several banks to mitigate the risks of bank failure and therefore complete loss of the full amount if your bank goes bust.

Several Wealth Managers were not aware that as a financial institution, any regulatory capital cash may not be protected under the FSCS and therefore can be needlessly exposed to bank failure.

A deposit of £1 000 000 in a 31 day notice corporate account will receive £13,000 in interest at current rates.

We can help you manage the funds going forward, ensuring that you have the liquidity you need, whilst earning a better interest rate for the cash amount. Let us know if you would like to set up an account.

Leave a Reply

Press Contacts

TWITTER

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

As expected #TheBankofEngland , raises the base rate again, by a further 0.75% to 3.00%. This follows this week's E… t.co/Wk8JdfEMYn

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

We’re happy to announce that @CynergyBank has joined our platform. We now have 37 #Banks and over 2,000 #savings p… t.co/7YgPMTLJgE

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

Did you know we've been featured in the @EveningStandard? Read their latest Business Guide to understand how using… t.co/CBbfZHYwId

Tech Nation's Twitter avatar
Tech Nation
@TechNation

@helpful_world offers an end-to-end financial solution for new economy businesses to manage funds, customer payment… t.co/e41hPuAOtJ

Retweeted by Insignis Cash
Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

We are excited to have been chosen to be part of @TechNation Fintech 5.0, an exclusive network of high-growth UK… t.co/SpoqPYwLXd

As Featured In: