Interest rates on cash

What is the cash account facility?

Our ISA, Junior ISA (JISA), Collective Investment Account (CIA) and Collective Retirement account (CRA) have their own cash facility.

The facility helps make it easier to keep track of any outgoing and incoming payments under each product, and enables you to hold cash alongside your investments.

Features of the cash facility:

Use it to pay for charges, fees and income instead of selling other investments you hold
Receive dividends and distributions
Option to phase your investments into the market over a period that suits you
Earn interest on the cash you hold

What interest is payable?

Interest is calculated daily and paid on the first working day of the month.

We do not seek to profit from interest earned on the cash facility. The interest rate is set based upon expected interest, which means we may earn marginally more or less than the interest we pay.

Historical rates of interest

Please note that cash could not be held in the CRA prior to 23 February 2020.

Dates	Interest rate
10 November to 21 November 2022	1.85% a year before tax
4 November to 9 November 2022	1.65% a year before tax
2 November to 3 November 2022	1.28% a year before tax
18 October to 1 November 2022	1.18% a year before tax
14 September to 17 October 2022	1.07% a year before tax
6 August to 13 September 2022	0.50% a year before tax
26 July 2022 to 5 August 2022	0.27% a year before tax
23 June 2022 to 25 July 2022	0.22% a year before tax
7 May 2022 to 22 June 2022	0.15% a year before tax
23 March 2022 to 6 May 2022	0.10% a year before tax
15 February to 22 March 2022	0.05% a year before tax
6 July 2020 to 14 February 2022	0.00% a year before tax
31 March 2020 to 5 July 2020	0.05% a year before tax
17 March 2020 to 30 March 2020	0.10% a year before tax
24 February 2020 to 16 March 2020	0.24% a year before tax
13 August 2018 to 23 February 2020	0.45% a year before tax

Dates	Interest rate
18 December 2017 to 12 August 2018	0.32% a year before tax
14 November 2017 to 17 December 2017	0.26% a year before tax
21 September 2016 to 13 November 2017	0.14% a year before tax
12 August 2016 to 20th September 2016	0.20% a year before tax
5 April 2015 to 11 August 2016	0.35% a year before tax

Dates	Interest rate
1 May 2014 to 5 April 2015	0.40% a year before tax
6 April 2014 to 30 April 2014	0.35% a year before tax
April 2009 to 5 April 2014	0.10% a year before tax
March 2009	0.60% a year before tax
February 2009	1.10% a year before tax
January 2009	1.60% a year before tax

Collective Investment Bond (CIB) transactional cash

If your clients invest in our Collective Investment Bond, cash will be used in some instances to fund adviser fees or Quilter’s charges. This is known as transactional cash. Transactional cash cannot be selected as an investment within this product and no interest is paid on cash held within the bond.

Which banks do you use?

ISA, JISA & CIA as at 1st working day of the month.
Banking partner	% of cash holdings held
National Westminster Bank PLC	15%
Barclays Bank PLC	17%
Lloyds Bank PLC	17%
HSBC Bank PLC	17%
Bank of New York Mellon	22%
Standard Chartered Bank	12%

CRA as at 1st working day of the month.
Banking partner	% of cash holdings held
National Westminster Bank PLC	16%
Lloyds Bank PLC	15%
Barclays Bank PLC	15%
HSBC Bank PLC	15%
Bank of New York Mellon	23%
Standard Chartered Bank	15%

Due to roundings, the percentage split of funds will not always necessarily add to 100%.

Potential for negative interest rates

When you hold money in your product cash account we place your money with a range of banking partners. We seek to earn the best available rates whilst keeping the money diversified and pass on the interest that we earn. There is a possibility that the banks could reduce interest rates to zero or introduce negative interest rates. If this were to happen you may see a reduction from your cash held.

Protecting your money

We take the protection of client’s money very seriously and there are a number of safeguards in place to protect your money in the highly unlikely event that we or the manager of the assets you invest in becomes insolvent or a bank defaults. Read more about how your cash and investments are protected.

How your money is protected

Breathe easy, with our simple cash management

Want to save your team time? Our automated cash management ensures your clients’ fees and charges are covered – without your team having to lift a finger.

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Interest rates on cash

What is the cash account facility?

What interest is payable?

Historical rates of interest

2018-2022

2015-2017

Previous years

Collective Investment Bond (CIB) transactional cash

Which banks do you use?

Potential for negative interest rates

Protecting your money

Breathe easy, with our simple cash management

Next steps

Sentiment indicator

Fund research and information

What is the cash account facility?

What interest is payable?

Current rate of interest

Historical rates of interest

2018-2022

2015-2017

Previous years

Collective Investment Bond (CIB) transactional cash

Which banks do you use?

Potential for negative interest rates

Protecting your money

Breathe easy, with our simple cash management

Next steps

Sentiment indicator

Fund research and information