Account cash is a separate Cash allocation within your Personal and ISA accounts, giving you the flexibility to hold cash before investing as well as the features below:
- Cash flexibility. Want to set some money aside for investing, but biding your time to invest? Account cash gives you the additional flexibilty to do just that.
- Secure your ISA allowance. Account cash sits within your ISA, giving you the ability to secure your valuable annual tax-free ISA allowance without having to invest immediately.
- Faster Income Portfolio payments. The income from your Income Portfolio(s) is paid directly to your Account cash, facilitating faster payments and simpler re-investment*.
- More investing options & next generation open banking. This update sets us on a path to bring you further handy investing features such as automated 'drip-feed investing' and 'pound-cost averaging'.
Please note: when adding funds to your InvestEngine account, you have the option to add them to your Account Cash or directly to your portfolio. If you have a Managed portfolio or the Auto-invest feature activated on a DIY account, any cash added to your portfolios will be automatically invested.
If you move monies to your Account Cash level, whether you have a Managed or DIY portfolio, your newly added funds will not be invested until you move them to your respective portfolios to then invest the monies accordingly.
*Income portfolios are now a legacy product. Income payments will only apply to existing account holders of Income portfolios.