CMC Invest Launches 4.85% AER Cash ISA

CMC Invest, a UK-based investment platform, has introduced a new Cash ISA offering a competitive 4.85% annual equivalent rate (AER), catering to customers seeking flexible savings solutions. The launch comes in response to growing demand for diverse saving and investment options among retail customers.

Daily Interest, Paid Monthly

The new Cash ISA provides daily compounding interest credited to customers’ accounts monthly. With a minimum deposit requirement of just £1, this product is accessible to a wide range of savers. Customers can also withdraw funds at any time without incurring penalties, with the interest rate remaining unaffected by any withdrawals. Additionally, this flexibility ensures that savers can easily manage their accounts without worrying about losing accrued interest.

The product also allows customers to withdraw and redeposit funds without affecting their £20,000 annual ISA allowance, adding a layer of convenience for those needing temporary access to their money.

“We’re incredibly excited by the launch of our Cash ISA, which is the latest addition to our growing suite of products,” said David Dyke, Head of CMC Invest. “We’ve seen increasing demand from clients for a Cash ISA. We are confident that our competitive rates and flexibility will appeal to a broad range of savers, and we look forward to supporting them as they grow their wealth and achieve their financial goals.”

CMC Invest Launches 4.85% AER Cash ISA

In addition to the new Cash ISA, CMC Invest offers customers the ability to seamlessly transfer existing Cash ISAs or switch between a Cash ISA and a Stocks and Shares ISA directly through its app. Moreover, this feature enables users to manage their savings and investments without impacting their annual ISA contribution limit.

This product expansion complements CMC Invest’s existing offerings, which include a Stocks and Shares ISA, Self-Invested Personal Pensions (SIPP), and General Investment Accounts (GIAs). Adding the Cash ISA further strengthens CMC Invest’s commitment to providing diverse and flexible investment solutions to a growing client base.

Expanding the Product Portfolio

CMC Invest has also been broadening its services, recently introducing a Self-Invested Personal Pension (SIPP) scheme. The SIPP, available through the platform’s Premium plan, offers long-term investors a flat fee structure, £0 commission on trades, a 0.5% foreign exchange fee, and flexible pension drawdown options. For a limited time, new clients can access the Premium plan free for the first 12 months.

With these new offerings, CMC Invest continues expanding its portfolio of products designed to meet the needs of retail and institutional clients in the UK.

As more savers seek flexibility and high-yield options for their savings, CMC Invest’s new Cash ISA positions the company to cater to a broader market segment while continuing to innovate in the UK’s investment space.

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