Where any client money is held by us for you, interest will be paid in accordance with the details shown below. The balances, shown below, are on a ‘per service’ basis. For example, if you have an ISA, SIPP and Nominee account interest will be paid on each one of these having cash balance over £2500.
Conditions of Interest paid.
The client will be paid the following interest when the firm receives over 2.75%pa.
Balance up to £2500 – 0%pa
Balance between £2500 to £10,000 – 0.15%pa (on total amount held)
Balance between £10,000 to £25,000 – 0.3375%pa (on total amount held)
Balance between £25,000 to £100,000 – 0.525%pa (on total amount held)
Amount over £100,000 – 0.7125% (on total amount held)
Additional payment with higher interest rates
In addition to the above payments, when the firm is paid interest of greater than 2.75%pa those clients holding a cash balance over £2500 will be paid 75% of this interest. This will be done monthly in arrears.