Cash Hub Account

The Access Capitol Bank Cash Hub Account is an innovative transactional cash account which sits at the heart of your client’s portfolio and facilitates the management of your clients' cash, increasing transparency and helping to build the sphere of influence you have as their adviser.

The account facilitates the collection of monies from maturities, disinvestments and dividends. Cash paid into the account can then be assigned to new opportunities.

The Cash Hub Account can also be used to facilitate the seamless and transparent payment of advice fees, in line with the agreement and fees schedule agreed between you and your client.

It's our belief that this new account will help create more binding relationships between advisers and clients - providing opportunities to add value, both to your clients’ financial planning and to your business.

Key Benefits

  • One central hub for cash collection and disbursements
  • Facilitates seamless and transparent payment of advice fees
  • Simplifies and expedites implementation of client instructions
  • Provides 24/7 visibility of the idle cash element of the client's portfolio
  • Helps build a deeper and ultimately more binding client relationship
  • No monthly charge or transactional fees and no requirement for a minimum balance to be maintained on the account (please note however that a deposit of £2,500 is required to open the account)
  • Interest paid to the client monthly on account balances of £2,500 or more at a rate of 1.00% gross p.a./AER (variable)*

* AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your clients’ account each year.

The gross rate is the interest rate we pay before the income tax is taken off, currently 20%. Interest is calculated daily and credited to the account after close of business on the 27thof each month.