Skip to content

Business & Economy

Cascade expands service to create cash savings community for UK savers

A North East cash management service has opened up its proprietary portal to millions of savers across the UK.

Cascade Cash Management has announced that accessibility to the portal, which is the first of its kind in the UK, will be widened, having only been available to high net worth individuals with cash of over £250,000 previously.

Now, the company is opening its offering to balances of over £100,000, with new services launched for those with less than £100,000 cash too.

Cascade is a leading professional cash management company delivering an independent and transparent savings service designed to generate enhanced cash returns and increased depositor protection.

Its team has released new opportunities for savers with less than £100,000 to create a holistic approach via the Cascade Savers Community.

By joining as a member for £5 per month, those who wish to make the most of their savings can receive in-boxed data with the country’s current saving rates and links to enable them to move their own money manually outside of the Cascade portal.

Within the portal, Cascade allows independent and unbiased cash solutions for a range of client types meaning savers don’t have to choose only one bank, with all institutions accessed quickly and easily.

Dr Emma Black, managing director of Cascade, said: “Having worked hard for the last nine years to perfect the portal, and having administered over £1 billion cash, we are now completing our seed funding round that is allowing us to open up all of our hard work to date to help millions more UK savers get the very best from their cash.

“This reduced cash limit will apply to individuals, companies, charities and to our 103 partners and 3000 advisors and their clients too.”

Many companies with cash funds currently make use of Cascade’s services to create meaningful impact, with some clients earning up to £30,000 extra a year, whilst also enjoying increased depositor protection as the use of the portal affords savers increased depositor protection on sums that outweigh the protection offered by the Financial Services Compensation Scheme (FSCS).

Dr Black added: “As a purpose-led organization, we aim to do well financially and to do good as part of the community we serve. We know the impact this extra money has for our clients, which is significant in making a real difference day-by-day.

“To be able to open the offering up so that many other savers can benefit too is exactly why we founded the service. Above £100,000 we help our clients to navigate multiple account openings with multiple banking providers.

“Below £100,000 our job is to help people maximise the return on their cash through accessing regular information that allows them to see the best rates available on any given day.

“Providing members with this information so that they can make their own transactions outside of the portal is a great step forward in our holistic approach so that we can help everyone with cash.”