A Cash Account offers a real alternative to money market funds, supplying instant access capabilities and higher interest rates but with the added ease of personal banking facilities. In essence it is a bank account with high interest rates.
Who is the provider of Cash Account?
Cash Account is provided to selected intermediaries by Investec Private Bank.
How does it work?
Incompass is able to open up your client account for you (please note this can be done when you are abroad). The service is similar to private banking whereby you simply instruct Incompass (who provide you with a dedicated advisor) for withdrawals and statements. This means total control and ease of use for the client who is able to pay bills by instructing Incompass, for example.
What interest rates do I get?
A number of options are available to you, providing you with interest rates linked to prime, money market rates or fixed term deposits – all on a very competitive basis.