Do I need to have a minimum cash balance?
No, you don’t. But you do need to keep enough cash in your account to cover your monthly custody charges.
And when you buy an investment, there needs to be enough cash in your account to cover the investment and the dealing charges, which are included in the total of your order.
If you decide to transfer out, you’ll also need enough cash in your account to cover any transfer-out fees.
For a Cash savings hub, there is a minimum deposit amount of £1,000 to open a savings account. Find out more about the minimum deposit amount.