Cascading More Cash Into Charities

A portal designed to enhance returns on savings is now proving to be beneficial to a number of charities across the UK.

Cascade Cash Management is an independent and transparent service created to generate enhanced cash returns and increased protection on deposits through professional cash management.

The Cascade team can manage funds on behalf of clients or depositors can use the portal with their advisor to manage their own savings. Partners including IFA’s, solicitors, attorneys, accountants and many more can also self-brand the product for presentation to their own clients.

And now a number of charities are also feeling the benefit, with increased annual returns on cash in the bank.

Such clients have earned significantly greater returns through the Cascade service. As an example, a mental health charity earned an additional £20,800 per year net of all fees on their £2m cash when compared with what they had been earning sat in their current account.

Managing director Dr. Emma Black said: “It is very gratifying to have proved that the corporate financial model we have developed is adaptable and flexible for charities too. “As a team we have invested a lot of time and resource in getting the portal right, and now to see it benefit exceptionally worthy causes as well as companies and individuals is very exciting.

“It doesn’t matter what kind of charity, social enterprise or CIC the organisation is – all can benefit from Cascade. Our current portfolio is very diverse, all that matters is that there is cash in the bank that should be performing better.”

The online portal is the only one of its kind in the UK allowing independent and unbiased cash solutions meaning that clients don’t have to choose only one bank. With the online portal and Cascade’s client support team, all banks are accessed quickly and easily, on a daily basis. To date the team have administered over £600million for clients, helping them earn significantly more on their hard earned cash.

Dr. Emma concluded: “Many charities hold reserves in the bank. It’s comforting to know they have that security so that if something goes wrong with funding short term, that they have the means to keep delivering their all important service. However, if it is just sat in the bank it is missing a huge opportunity.

“By moving those reserves to Cascade they benefit from the best interest rates, but it needn’t be tied in as it would be if used for say an investment while also with cash, the funds are less exposed to risk in comparison. The charity can manage the funds themselves or for a small admin fee, we can help. It’s a win-win all round for any social enterprise, CIC or charity!”