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.
|1 - 9
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.
|£0 - £500
|£501 - £1,500
|£1,501 - £2,500
|£2,501 - £20,000
|£20,001 - £75,000
|£75,001 - £1,000,000
Non EQS foreign securities (telephone dealing only)
||£45 (US) £100 (non-US)|
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:
- 0.5% SDRT on all UK equity purchases settled through CREST, rounded up to the nearest 1p.
- 0.5% stamp duty on all UK equity purchases not settled through CREST, rounded up to the nearest £5.
- Stamp duty on Irish registered stock is currently charged at 1%.
- The Panel of Takeovers and Mergers currently levy £1 on all UK equity transactions of £10,000 and over.
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).
Qualifying funds are:
(on your investment amount)
||Varies by fund manager and fund|
(typically 3-5.5%) No payments are made to Barclays Stockbrokers
|Fund Administration Fee
||0.35% per annum subject to a minimum charge of £35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of £500,000. There is no further charge on fund holdings over £500,000.The fee is calculated quarterly.
||0.35% per annum subject to a minimum charge of £35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of £500,000. There is no further charge on fund holdings over £500,000.The fee is calculated quarterly.|
- Clean share classes
- Bundled share classes purchased after 5 April 2014
- Bundled share classes where you have opted out of the conversion to the clean share class.
Quarterly administration charge £12 + VAT (not applicable if you trade within the quarter)
All account charges are taken in arrears and apply per account.
|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.
|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
|Transfer in of International Lodgements (certificates or via a registration system)
||£50 per holding|
|Remaining administration charges
||Pro-rata up to date of closure|
|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|
||Barclays Base Rate + 3.5%|
|Ad hoc statement or valuation
|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.
Current interest rates
|£1 - £999
|£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
Please note that our interest rates will move in line with changes in the Barclays base rate. However, where the applicable margin would result in negative figure, the interest paid will be zero. The current Barclays Bank Base Rate is 0.5% and therefore at present, we only pay interest on balances of £250,000 and over, and then only on the amount of the balance which exceeds £250,000.
New interest rates
In line with the Bank of England’s decision to reduce interest rates, we will be reducing our interest rates on cash balances from 1 December 2016. Also, rates you receive will no longer be linked to 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.)
|£0 - £999
FX Conversion Charge
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.
- 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 advice.