Due to the uncertain markets a lot of people are keeping their ISA holdings in Cash. I assume Freetrade earns some small interest on uninvested cash balances? In the future (perhaps once you’re profitable), would you be looking to pass on a slice of the interest earned to clients? Thanks!
Was reading an article in Telegraph on other platform’s stance on the matter:
*Revealed | The best and worst performers
- Willis Owen – 0.55pc to customers and keeps nothing
- Best Invest – 0.35pc to customers and keeps nothing
- AJ Bell – pays 0.15pc
- Hargreaves Lansdown – creamed £36m last year. Passes on 0.15pc
- Smart Investor – 0.15pc through the investor saver account
- Interactive Investor – pays nothing to customers
- Alliance Trust Savings – due to be incorporated into Interactive Investor
- Charles Stanley Direct – pays nothing. Creamed £2m last year
- Share Centre – pays nothing up until 3.5pc
- Fideltiy – pays nothing