MarketMaster® and Investment Clubs rates and charges
Dealing rates and other charges
Dealing rates are charged per deal. Other charges and service restrictions may apply.
Online dealing charges (all investment types except funds (Unit trusts, Open Ended Investment Companies (OEICs)), non-European Quoting Service (EQS) International Securities.
The initial dealing rate you pay in each month is determined by the number of deals you place in the previous calendar month. Each time you hit a new tier, you will be switched to the lower commission rates. In order to remain at the new tier you must maintain the required number of deals per month. The number of telephone and online deals you place are consolidated when calculating your deal count, but each method has its own commission rates.
Telephone dealing charges (all investment types except funds (Unit trusts, Open Ended Investment Companies (OEICs)), non-European Quoting Service (EQS) International Securities.
Non EQS foreign securities (telephone dealing only)
Taxes & Levies
Stamp duty or stamp duty reserve tax (SDRT) on all UK equity purchases is payable at the prevailing rate at the time of dealing. The current rates are:
Automatic dividend reinvestment
Automatic dividend reinvestment purchases are charged per reinvestment at a flat rate of 1% based on the value of the dividend (minimum £1, maximum £7.50).
|Quarterly Administration charge||No account charge is payable if only funds are held. |
£12 + VAT (trade only once in the quarter and this charge does not apply)
An additional £25 + VAT for your overseas portfolio (waived if a deal was made in that quarter)
Please be aware that the quarter is measured 3 months from when your account is opened. This then recurs every 3 months.
Account Closure / Transfers
|Closure of account||No charge is made for closing the account, but a charge is made for transferring out the holdings, and further dealing and other charges may be applicable|
|Transfer out of holdings||£30 per investment holding. This fee applies for both full and partial transfers|
|Transfer in of holdings||No charge|
|Transfer in of International Lodgements (certificates or via a registration system)||£50 per holding|
|Remaining administration charges||Pro-rata up to date of closure|
|Cash withdrawal||No charge|
|Chaps/ wire charge
||£25 per transfer|
|Unpaid/ returned Direct Debit charge||£25 per Direct Debit|
|Unpaid/ returned cheque charge||£25 per cheque|
|Late settlement administration
||£40 + VAT per overdue deal|
|Referral to Debt Recovery Department||£25 (additional 8% if referred to an outside agency - minimum £15) + VAT per referral|
|Debit Interest||Barclays Base Rate + 3.5%|
|Ad hoc statement or valuation||No charge|
|Copy of consolidated tax certificate||£17.50 + VAT (if requested after 3 months of sending the original). No charge if requested within 3 months.|
|Duplicate contract note||No charge, if requested within 6 months since deal |
£10 + VAT, if requested more than 6 months since deal
|Valuation for Probate|
Price available on request
The interest rate is banded, which means the rates in the table below apply only to the portion of the balance within each band shown, not to your cash balance as a whole. Each band of your overall cash balance will receive different rates of interest as shown below, to give an overall blended rate.
As a bank, we are required to pay interest to individuals net of Basic Rate Tax, currently at a rate of 20%.
Cash balance band
Interest paid on this band only
|£1 - £999||0%|
|£1,000 - £12,499|
4% below Barclays Base Rate
|£12,500 - £24,999|
3.5% below Barclays Base Rate
|£25,000 - £149,999||2.5% below Barclays Base Rate|
|£150,000 - £249,999|
1% below Barclays Base Rate
£250,000 and over
Barclays Base Rate
View the Barclays Bank Base Rate online alternatively you can call Barclays Bank directly on 0845 603 0845*, hold for an agent and ask for the current rate. (Lines are open 8.30am-5.30pm Monday to Friday and Saturday 9am-1pm, except Bank Holidays. To maintain a quality service, phone calls may be monitored or recorded.)
FX Conversion Charge
Your Barclays Stockbrokers account holds sterling cash only. Trades in foreign securities will involve conversion into the currency of settlement. The exchange rate provided by the market is known as the spot rate. Barclays Stockbrokers charge a 50 basis points margin on the value of that spot rate for USD and EUR transactions, all other currency conversions will be charged at 1%.
All charges are correct as at May 2015
*Call costs may vary - please check with your telecoms provider. Calls may be recorded so that we can monitor the quality of our service and for security purposes.