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Investments · Protection · Pensions · Inheritance Tax · Equity Release

CASH SERVICES

In the current financial climate, how can you make the most of your cash savings ?

You may have heard the phrase ‘Cash is King’? With many cash savings accounts offering pitifully low interest rates, it has left people scratching their heads.

At Eastern Financial Consultants we actively manage and review our clients’ cash savings, helping them to access and secure the best interest rates available.

Cash service is suitable for:

  • Individuals.
  • Companies.
  • Charities.
  • Trusts.

By using our Cash Service, you would:

  • Be confident in the institutions who hold your cash savings.
  • Spend less time on administration of cash savings accounts.
  • Achieve a consistently competitive return on your cash savings.
  • Deal with a person, not a machine – your own named
    Relationship Manager.
  • Have the ability to access account information online
    (where available).
  • Assistance with information required for the completion of your tax return.
Business Savings Account Examples
Suitable for Business, Charities & Trusts
Amount £500,000
Existing Rate 0,05% Instant Access
Gross Interest per year£240.05(Compound Interest)
After EFC Cash Service
£300,000 1.55% 95 day notice *£4677.09(Compound Interest)
£200,000 1.05% Instant Access *£2110.14(Compound Interest)
Total Gross Interest per year£6787.23
Difference made by EFC£6547.18Gross per year

Fee for Cash Service 0.3% of funds being managed £1,500 per annum (payable on placement of funds or on monthly basis £125 per month). * Rates quoted as of 05 May 2020

Amount £200,000
Existing Rate 0.05% Instant Access
Gross Interest per year£96.02(Compound Interest)
After EFC Cash Service
£200,000 1.05% Instant Access*£2110.14(Compound Interest)
Difference made by EFC£2,014.12Gross per year

Fee for Cash Service 0.3% of funds being managed £600 per annum (payable on placement of funds or on monthly basis £50 per month) * Rates quoted as of 05 May 2020

Personal Savings Account Examples
Suitable for all
Amount £80,000
Existing Rate 0.05% Instant Access
Gross Interest per year£38.41(Compound Interest)
After EFC Cash Service
£80,000 1.2% Instant Access*£965.30(Compound Interest)
Difference made by EFC£926.89Gross per year

Fee for Cash Service 0.3% of funds being managed £240 per annum (payable on placement of funds or on monthly basis £20 per month) * Rates quoted as of 05 May 2020

Amount £80,000
Existing Rate 0.05% Instant Access
Gross Interest per year£38.41(Compound Interest)
After EFC Cash Service
£80,000 1.6% 1 year Fixed Rate Savings*£1,280.00(Compound Interest)
Difference made by EFC£1,241.59Gross per year

Fee for Cash Service 0.3% of funds being managed £240 per annum (payable on placement of funds or on monthly basis £20 per month) * Rates quoted as of 05 May 2020

Both Betty, my wife, and I have known Kate Tritton since she worked at a major high street bank where she was our account manager/adviser.

Throughout that time and now with Eastern Financial Consultants she has always provided us with good sound financial advice and information. This of course is still available from our bank but because of her friendly and patient approach we both were very happy to be able to continue with her via Eastern Financial Consultants and indeed continue what has become as much a friendship as a business relationship.

Neither of us would hesitate to recommend Kate or Eastern Financial Consultants to anyone else requiring competent, confidential and friendly financial advice.

Very pleased to be able to call Kate a good friend.

Mr & Mrs S

Kate Tritton