Interest rates on cash balances
Interest is paid on cash balances of £1,000 or more held in:
The interest paid is banded which means the rates below apply only to the proportion of the account balance within each band. Each band of your overall cash balance will receive different rates of interest giving a blended rate. Any interest due will be paid quarterly in arrears.
Please note that our interest rates are a Managed Rate. That means that they are a rate set by us and can be amended from time to time. Any changes may or may not be linked to moves in the Bank of England base rate.
Current interest rates
Effective from 1 December 2016
|£1 - £999
|£1,000 - £49,999
|£50,000 and over
All other rates and charges stay as they are.
But don’t confuse what we offer with a cash ISA. Both our ISA and SIPP accounts are primarily designed for those who want to hold investments. However, if you want to hold cash in your ISA or SIPP because you’re uncertain of market conditions, or need time to decide what to invest in, you’ll receive interest on all cash balances of £1,000 or more.
If you only want to hold cash in your ISA, then you’ll be able to find interest rates available in cash ISAs, and you can now transfer from an investment ISA to a cash ISA.
Our FAQs are designed to answer your questions about the changes to our interest rates.
In accordance with UK tax legislation from the 6 April 2016, bank interest is paid gross. The management of your tax affairs is your responsibility, including making any required declarations to the relevant tax authority(ies), where you are tax resident.
- The value of your investments can fall as well as rise and you may get back less than you initially invested.
- Investing is not for everyone, if you are unsure please seek independent financial and tax advice.
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