CMC Invest, a UK-based investment platform, has introduced a
flexible Cash ISA with a 4.85% annual equivalent rate (AER). According to the
firm, the move comes in response to customer demand for broader savings
options.

Daily Interest, Monthly Credit

The Cash ISA offers daily compounding interest, credited
monthly, with a minimum deposit requirement of £1. Customers can withdraw funds
at any time without penalties, and the interest rate remains unaffected by
withdrawals.

The product supports flexibility, allowing customers to
withdraw and redeposit funds without impacting the annual £20,000 ISA
allowance.

“We’re incredibly excited by the launch of our Cash ISA,
which is the latest addition to our growing suite of products,” David Dyke,
Head of CMC Invest, commented.

“We’ve seen increasing demand from clients for a Cash ISA
and we are confident that our competitive rates and flexibility will appeal to
a broad range of savers, who we look forward to supporting as they grow their
wealth and achieve their financial goals.”

In-App ISA Transfers

Customers can also use CMC Invest’s in-app transfer service
to move existing Cash ISAs or switch funds between a Cash ISA and a Stocks and
Shares ISA, without affecting their ISA allowance.

This launch adds to CMC Invest’s portfolio, which includes a
Stocks and Shares ISA, a Self-Invested Personal Pension (SIPP), and a General
Investment Account.

Meanwhile, CMC
Invest is expanding its services in the UK with the launch of a
Self-Invested Personal Pension (SIPP) scheme, as reported by Finance Magnates. Announced earlier,
the SIPP is a flat fee product, available through the Premium plan in
partnership with Quai Investment Services.

The offering is aimed at long-term investors, with features
including £0 commission on trades, a 0.5% FX fee, pension drawdown flexibility,
and multi-currency wallets. New clients can access the Premium plan free for
the first 12 months.