As the world of savings has been impacted, two men are offering an option to their peers that is providing peace of mind and friendly advice.

Surish Pal and Dr Ryan Dias of Cascade Cash Management have been working tirelessly to support many savers including those in the Asian Community in the UK who are being impacted by both the falling interest rates and worry about their depositor protection for larger sums of cash.

Following the rate reduction in the NS&I in November 2021, billions of pounds have exited their popular Income Bond and Direct Saver products as their rates fell to as low as 0.01%. Much of this cash is looking for a new home and Cascade is supporting clients looking for a new home for their cash.

Sri-Lankan born Dr. Dias is using his medical background to help medical staff and medically based charities maximise their cash in response and he pointed out that one area many deposit takers have gone wrong to date is in their customer care. He said:

“When people are worried about their money, they need to be able to speak to someone who understands them and can listen to their concerns. Many providers over the last twelve months have unfortunately failed in both the communication of their intent to adjust rates and in the follow up customer care. Some customers for NS&I haven’t even been able to access their accounts yet and many clients are sharing their frustration of not being able to simply speak to someone at many different deposit takers today.

“Here at Cascade Cash Management we have won awards and have been recognised for our outstanding customer care, so our customers and partners appreciate that even though our portal is FinTech, there is still the human touch. It’s a win/win situation for all.”

Cascade Cash Management is an independent and transparent service created to generate enhanced cash returns and increased depositor protection on deposits through professional cash management. It boasts an online Fintech portal which is the only one of its kind in the UK.

It allows independent and unbiased cash solutions meaning that clients don’t have to choose only one bank. With the online portal and Cascade’s client support team, all banks are accessed quickly and easily, on a daily basis.

Surish’s main focus in the team is to outline the savings proposition to help instigate and manage a range of client partner relationships. His principal focus is with IFA’s, wealth management advisers, investment companies, accountants, law firms and third party introducers. In addition, he works closely with direct companies and private clients. He said:

“We are currently finding that the Asian community in particular has lost faith in deposit takers. When we illustrate what Cascade can do, which is way above what they are earning when they come to us, and show them the depositor protection benefits, they find it very attractive and reassuring.

“According to the Bank of England there is around £1.6trillion in household cash deposits with at least £225billion sitting in non-interest paying accounts. Based on an instant access rate of 0.55%, then that’s over £1.2 billion of interest being missed out on!”

In one example recently drafted, a charity was shown to have achieved returns of more than £20,800 a year than where they previous deposited their cash reserves. Surish concluded:

“We are trusted pair of hands, working within an industry that needs to work hard to support its customers and partners. Cascade is proving time after time that we do not disappoint.”

More information on Cascade is available at www.cascade.co.uk or you can contact ryan.dias@cascade.co.uk and surish.pal@cascade.co.uk