Cash: at a glance
One of the most important assets in any investment strategy
You are likely to hold your cash reserves in a savings account. Yet by funding your investment account with cash that you intend to invest, you can react quickly when the right opportunity comes along.
Any cash you deposit in your investment account will be held with Barclays Bank PLC. We will act as your banker and your money will be subject to the UK banking regulations.
Cash can be generated from selling assets or from investments that pay interest or dividends. You might hold it for a while before reinvesting it, but there will be times when you want to move cash either in or out of your investment accounts. At these times, you need to be able to access your cash quickly and easily, to let you take advantage of any investment opportunities that come along.
Holding cash in your Barclays Stockbrokers accounts:
- For your MarketMaster® or Investment ISA, the easiest way to fund your account is online using your debit card. You can also post a cheque or call us to make a debit card payment on 0800 279 6551* or 0141 352 3909*
- You can withdraw cash at no cost online or by phone. Remember though that any cash you take out of an Investment ISA will lose its tax efficient status.
- All of our accounts allow you to hold cash for an unlimited time. This means you can transfer cash in now and choose how to invest it when you’re ready. This can be a useful strategy at the end of the tax year when you want to use your full ISA allowance.
- Any interest earned on cash you hold in your accounts will be paid at our published rates. Any interest due will accrue daily and be paid monthly. We’ve improved our interest rates on cash balances of £1,000 or more held in a Barclays Stockbrokers Self Invested Personal Pension (SIPP), Investment ISA and Corporate ISA. Find out more about our improved cash interest rates.
- All payments into SIPPs and Pension Trader Accounts (PTA) must pass via your pension administrator.
- For the Barclays Stockbrokers SIPP you can make contributions by debit card payment or cheque. For larger amounts, we can accept a bank transfer. Under pension rules there are restrictions around making withdrawals from a SIPP, so you can’t necessarily withdraw the amounts you paid in. Call 0808 159 4953* for further information about SIPPs.
- For PTA please contact your own pension administrator directly.
- Many of our accounts let you invest your cash into cash funds. These are funds that invest in cash or similar low risk investments. In some cases, they can provide more competitive returns than holding cash in your account though there will be a risk of losing your money. Returns are not guaranteed and you may be obliged by the fund’s manager to defer your withdrawals at times i.e. they will not be readily accessible.