Cofunds Cash Account

The Cofunds Cash Account is designed to allow investors to hold money destined for investment on the Cofunds platform. It removes much of the back office administration associated with managing your clients' cash.

• How do I open a Cofunds Cash Account for my clients?

  All Cofunds clients automatically get a cash account when they first invest on the platform.

• What products/funds can my clients invest in directly using monies held in the cash account?

  Your clients can invest directly in both unwrapped (investment funds) and wrapped (ISA) holdings. They can also invest in the Legal & General products available on the Cofunds platform.

• What is the minimum and maximum amount that can be held in a cash account?

  There is no minimum or maximum balance required.

• Do my clients earn interest on monies held within the cash account?

  Yes. Cofunds will pay a rate of interest on monies held in the cash account. View current Cofunds rates here. Interest is paid on the entire balance and will be paid net of tax unless instructed otherwise.

• Is it possible for my clients to have more than one Cofunds Cash Account?

  Yes. A Cofunds Cash Account can be opened for any unique combination of investors or designated investments.