Treasury and cash interest rates
Our Treasury Committee is responsible for the selection, appointment and periodic review of financial institutions with whom we place or seek to place cash balances of clients’ portfolios.
Cash held for clients is only placed with financial institutions that have been approved by the committee. In considering whether or not to place client cash with a particular financial institution, the committee will consider its credit rating, financial strength and business and investment activities.
We pay interest on onshore sterling cash balances held within client accounts for all services at a rate equivalent to 0.2% below the Bank of England Base rate. Where cash is held offshore different rates may apply depending on the currency held.
Please note interest is paid gross and quarterly in January, April, July and October and credited to client accounts subject to the amount earned exceeding £10.00.