All our portfolios have a small amount of cash. The cash is used to pay the management fee without needing to sell investments to do so. Cash can also play a part in a diversified portfolio. We never let your account go into debit.
You receive interest on cash in your portfolio depending on the Bank of England base rate.
We cannot keep large amounts of un-invested cash on deposit for long periods. Because of this, we'll contact you if you have a recent payment that we haven't been able to automatically allocate to a pot and invest. Once you've assigned the cash to a pot, by signing-in on desktop, we'll invest it on our next twice-weekly investment cycle.
We don't charge fees on cash from recent payments before it has been assigned to a pot and included in our investment cycle.
Why is there a lot of cash in my portfolio?
If you see an unusually large amount of cash in your portfolio, the most likely reason is that a payment has recently arrived and the money has not yet been invested by our twice-weekly investing cycle.