Get answers to commonly asked questions about Barclays Stockbrokers’ interest rate changes on cash balances in a Barclays Stockbrokers SIPP, Investment ISA and Corporate ISA
Cash interest rates on cash balances held in ISAs and SIPPs

FAQs – Interest rates on cash balances

1. How do I see my cash interest?

You can see any interest paid in your online view and account statements.

2. How is the interest paid and when?

Interest is paid at the following intervals for each of our account types:

ISA – quarterly on the last Friday of the quarter

SIPP – quarterly on the last Friday of the quarter

MarketMaster, Investment Club and PTA – monthly on the last Friday of the month

3. What’s a banded interest rate structure?

A banded interest rate means that the rates in the table below apply to only the portion of the balance in each band shown, not the cash balance as a whole. Each band of the overall cash balance receives different rates of interest as shown below, to give an overall blended rate.

Current interest rates

Effective as of 1 December 2016

​Cash balance band Interest paid on this band only/AER1 Tax-free rate2
​£1 - £999 0% 0%​
​£1,000 - £49,999 ​0.05% pa ​0.05% pa
£50,000 and over ​0.25% pa ​0.25% pa

4. Will my interest rate move if base rates increase or decrease?

The interest rate applied to all our accounts is a managed rate of interest and can be changed at any time.

5. Do I get a better cash interest rate on cash ISAs than a Barclays Stockbrokers Investment ISA?

Yes and if you plan to hold cash as part of your portfolio for an extended period of time, you may wish to consider transferring some or all of your Investment ISA to a Barclays cash ISA or another cash ISA provider.

6. For deceased estates which include former Barclays Stockbrokers Investment ISAs or Corporate ISAs, is tax deducted on interest payments?

As you may be aware, ISAs lose their tax-free status upon the date of death of the investor. Since April 2016 basic rate tax is no longer deducted at source on interest payments. Therefore the executors of an estate would need to settle any income tax liabilities directly with HMRC.

1 AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.

2 Tax-free – indicates that interest earned on cash held in an ISA or SIPP is not subject to UK Income Tax and will be paid gross, provided that all ISA and SIPP conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances.

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