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Novia launches Investec’s high interest cash deposit on wrap

Novia has made Investec Bank’s high interest cash deposit available on its platform.

The cash deposit will pay the Bank of England base rate plus 0.5 per cent with an underlying guarantee of 3 per cent.

No minimum investment is required and it is available through the general investment account, Sipp and group Sipp.

Novia head of marketing Martin Broomfield says: “The availability of such a competitive cash offering at a time of such economic uncertainty will be highly attractive to our investors and advisers.

“The cash deposit can provide a temporary home until investors feel ready to move back into the markets.”

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