Interest Policy

Interest rates payable on Client account funds

Our primary duty to you is to keep your money safe. We will not account to you for any interest on funds that we hold on your behalf where we hold less than £100,000.00 for fewer than twenty-eight days. Where the amount and time exceed these limits we will pay you a reasonable level of interest (reflecting the fact the funds must be made instantly available to you. If you wish to investigate the possibility of achieving a higher rate of interest on funds held (even if this means funds will be tied up for a period of time) you must raise this with us as soon as possible. However you must bear in mind that we are not professionally qualified to give you financial advice on the investment of monies. A list of the current bank accounts where our client account funds are held and the rates that we currently pay interest are listed below. Any funds held by us on your behalf will be held across those banks proportionately based on the total amount of all our client funds held across those banks.

As at 22nd April 2024

Amount held over 28 Days

Current interest rate paid on funds

£0 – £100,000.00

0%

£100,000.00 – £250,000.00

1.25%

£250,001.00 – £500,000.00

1.50%

£500,001.00 – £1,000,000.00

1.75%

Above £1,000,001.00

2%

We currently hold our Client account balances in the following banks-

  • Metro Bank PLC
  • Santander UK PLC