An Adviser solution for your clients facing the NS&I Rate slash

Posted by David Magee
Posted on October 22, 2020 Leave a comment

NS&I slashes rates to 0.01%

  • Savers previously relied heavily on NS&I and are now once again actively looking around for a new home for their savings. These cuts are across the board, including their Direct Saver, Investments, Junior and Direct ISA Accounts. Even Premium Bonds will not escape the scythe.
  • The consequences for savers are two fold - not only have they lost the favourable NS&I rates but a huge volume of money will likely be withdrawn from NS&I as a result, leading savers to once again having to search for a new home for their cash savings and to complete yet more bank opening forms.

Remove these problems permanently through Akoni’s cash planner which is specifically designed to support financial advisers and their clients.

Octopus Cash closes and no longer services the IFA market

  • Many IFAs and their clients have already approached us for new places to save cash, particularly as deposits mature and searching for the best deals becomes ever more difficult.  

To enquire further about accessing the best rates for your clients, please contact us now. We are here to help support you and your clients.

About Akoni: Akoni is an award-winning UK cash platform, which provides a marketplace to SMEs and charities, as well as to individuals through our white label distribution partners including IFAs, wealth platforms, accountants and SME hubs. Akoni uses innovative technology to personalise cash planning solutions for clients, and also provides a full API solution to banks and insurance clients.

Contact us and Find out more 

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