# Portal launches to help charities find better return rates for their cash

- Link: https://fundraising.co.uk/2017/05/16/portal-launches-help-charities-find-better-return-rates-cash/
- Published: 2017-05-16T09:28:44+01:00
- Author: Melanie May

**An online portal has launched that helps charities increase revenue by finding
the best returns on their savings and cash in the bank.**

 

[Cascade Cash Management](http://www.cascade.co.uk) (Cascade) has launched the service
to help charities protect and increase the returns of their cash. It works by using
a proprietary algorithm that searches through the savings accounts available from
banks and building societies to find those with the best combination of rates for
a charity’s preferences for liquidity, security and return. Cascade’s dataset is
updated on a daily basis, recording and monitoring every account from all providers
and across terms ranging from instant access up to five years.

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The service is aimed at charities with at least £250,000 in the bank. Financial 
directors or controllers of a charity can access the online portal directly, and
export reports detailing their holdings. Users are also notified of any better rate
opportunities or approaching maturities to help them ensure the rates remain at 
the top of the market.

 

Cascade does not handle any cash itself but provides administrative support, issuing
the documentation and application forms for the financial director of the charity
to complete once an account has been recommended, and leaving the opening and closing
of accounts to them.

 

In one example, a charity with £7.5m in the bank earned an extra £63,000 in a year
through the platform, by placing its money in multiple accounts that had better 
rates than its existing ones.

 

Dr Emma Black, managing director of Cascade, said:

 

> “Many charities have ‘rainy day’ money and high net worth cash investments of 
> over £250,000 sat in one bank, or in tied in low yielding savings accounts. This
> is such a waste of potential return that could be used for so many great charitable
> purposes, with exposure to only one provider unnecessarily increasing the charity’s
> risk.
> “Our portal has individual secure log in details and a comprehensive dataset using
> our unique optimisation and proprietary technology that can administer bespoke
> cash portfolios in seconds. It is not just all about good interest rates. Our 
> product means clients can improve the term structure of their cash (from instant
> access up to five years) while also allowing for them to ensure that they have
> the desired degree of protection under the Financial Services Compensation Scheme
> or European equivalents.”

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