Do you pay interest on cash held in my account?


Yes, you'll receive interest at a rate of 2.60%. This is a managed rate, which means we will regularly review and update it when needed. This will help us to make sure that the interest you receive is fair and offers good value.

We'll keep any extra interest we receive on your cash above the 2.60% we pay you. This is to cover our costs for managing your cash (for example, our banking costs). It also allows us to continue to develop our products and services.

Any cash in your account will earn interest daily and will normally be paid into your account on the first working day of the month. 

Cash may not offer you the best investment returns 

You might want to consider the effect of inflation if you decide to keep your money in cash over the long term. Inflation typically reduces the buying power of your cash over time. 

If you have a Vanguard Personal Pension and you only use it to hold cash, or mainly cash, you should be aware that the value of your pension may be at greater risk of being reduced by inflation.

You can find lots of educational material on our website  on investments and holding cash.

If you’re unsure whether to invest, speak to an authorised financial adviser. 

How your money is protected

We’re authorised by the Financial Conduct Authority and are required keep our clients’ money and assets separate from our own. Your money would be ring-fenced in the unlikely event that we became insolvent. 

Clients are also covered by the Financial Service Compensation Scheme (FSCS). You should be aware that the amount of client money we hold for you on deposit with our banks will count towards the £85,000 FSCS compensation limit available to you, subject to eligibility, in the unlikely event of their failure. For further details, please contact the FSCS on its website  or you can discuss this with us. 

  • Log in to your account.

  • From the left-hand menu, choose 'Transactions'. 

  • Select the 'Cash statement' tab. 


You can see our current and previous cash interest rates in the table below.


Interest paid on cash

3 Aug to present


22 June to 2 Aug 2023


23 March 2023 to 21 June 2023


Need more help?

Our UK-based team is ready to answer your questions

Our UK-based team is ready to answer your questions.

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