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(Customer here!)
Their ISA certainly has a cash option. So you can have a ISA with them that has elements of stocks and shares and cash. Or just cash, if you wanted.
The cash option is a “Money Market Fund”.
You can shuffle your funds about whenever it suits you….although I believe the best investors are generally the ones who don’t do that too much!
You can find more about the funds available (including that) at https://www.intelligentmoney.com/portfolios -
Thanks Mike.
Hi Eldar,
The Money Markets portfolio is a very low-risk investment designed to act much like cash. It invests mainly in short-dated, high-quality instruments such as Treasury bills, certificates of deposit and commercial paper, aiming to preserve capital and provide a steady return.
The fund closely tracks short-term interest rates, so its yield moves in line with the Bank of England base rate. The price is usually very stable, and you can normally access your money within 3 working days via your investment platform.
It’s often used as a cash-like holding for short-term funds or by investors waiting to reinvest. It offers a competitive yield compared with many savings accounts(net 3.7% after fees), currently.
In practice, it behaves much like cash, but sits within an investment account rather than a bank.
