Freetrade’s new easy-access funds aim to beat top savings rates

Freetrade has launched an easy-access exchange traded fund (ETF) range - here’s how the ETFs work and how they compare to the savings market

Stock market
(Image credit: krisanapong detraphiphat)

Investment platform Freetrade, known for letting users trade shares from their phone, has launched a collection of easy-access exchange traded funds (ETFs) that track the overnight interbank rate in the UK and US.

The Cash Investments ETFs seek to track or outperform overnight interbank interest rates and pass on any changes in the rate lenders are charging each other to investors. It also gives investors freedom to access their investments without a penalty. 

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TickerBenchmark indexBenchmark rateFund fee
$XFFEFed fund rate5.33%0.15%
£XSTRSONIA5.19%0.15%
£CSH2SONIA5.19%0.07%
$SMTCFed fund rate5.33%0.09%
£FEDGFed fund rate5.33%0.10%
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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.