Bondsmith has partnered with Nucleus to launch a new and improved cash panel on the James Hay platform. The new service goes live on 26 July and provides access to an increased range of competitive fixed term deposit and notice accounts from a wider selection of banks.
The improved cash panel provides greater flexibility, more choice, lower account minimums and better rates. This enables more customers to take advantage of the current higher interest rate environment and ensure they are making the most of their uninvested cash.
Chris Williams, Proposition Director at Nucleus, said: “Our James Hay platform pays an attractive rate of interest on the transactional cash that customers have in their products. But at a time of uncertain markets, high inflation and an increasing Bank of England base rate, some are looking to locktheir cash away for longer periods of time in exchange for higher investment-style returns.
“This is exactly what we’re providing with our enhanced cash panel with Bondsmith. We’re giving advisers the ability to recommend these new products to their customers, offering leading returns on cash from a wide selection of banks to make their cash work harder.
“As we build scale, we continue to invest in the priorities of advisers to help them deliver better outcomes for their clients and ultimately help to make their retirement more rewarding.”
Tom Higham, Managing Director of Savings at Bondsmith, said: “We are delighted to be working with Nucleus to enable advisers using the James Hay platform to help customers maximise the interest they can earn on their cash. Through Bondsmith, customers are able to access an increasingly wide range of savings accounts from UK banks.
