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The Independent UK
The Independent UK
Business
Vicky Shaw

Investing platform offers temporary 8.5% annual interest rate on cash balances

IG Bank of England United States
Investing and trading platform IG is offering a temporary boosted savings rate until August 31 for money held in cash (Yui Mok/PA) - (PA Archive)

Investing and trading platform IG is offering a temporary cash interest rate of 8.5% AER (annual equivalent rate) – twice the current Bank of England base rate.

The boosted rate will be available to people who open a stocks and shares Isa, Sipp (self-invested personal pension) or a general investment account (GIA) and make an initial investment before May 31.

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