Getting the best return on cash

7 min Read Published: 26 Sep 2023

At Money to the Masses we monitor the best savings accounts available in the UK. It is worth bookmarking our article "Best savings accounts in the UK" which we update every week for future reference. But in a world where you can now get as much as 8% on a regular savings account and 6.2% on a NS&I 1 year fixed-rate bond, understandably investors are starting to look at cash not just as a haven asset or portfolio diversifier but also as a source of positive returns within their investment portfolios.

The issue is that investment platforms have historically not paid much (if any) interest on uninvested cash sitting with them. There are a number of reasons for this. Firstly, platforms often boost their profit margins by not paying interest (or very little) on cash you hold with them, while at the same time pocketing more generous interest payments they earn elsewhere on customer deposits.

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