Cash Account and cash interest rate

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We offer a comprehensive range of tax wrappers to meet your clients needs – for now and in the future. You can apply for the accounts below through the Advance by Embark Platform.

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Advance Portfolio cash interest rates

Cash will be combined with that of other account holders and deposited with our banking partners, currently NatWest Group plc and Bank of Scotland plc.

Your cash will earn a variable rate of interest, calculated daily from the date we receive it, and will be added to your Account on the first business day of each month.

Advance Portfolio cash account and interest rates as at 06/07/2020

A Cash Account is opened automatically when an Advance Portfolio is opened.

Account

Interest rate

AER*

Notes

Advance Cash ISA

0.00%

Interest paid on a Cash ISA is exempt from income tax.

Advance Cash Account and cash

0.00%

Interest paid on cash in a Stocks and Shares ISA and Retirement account is exempt from income tax.

Interest charge

We have the right to retain a proportion (up to 0.10% each year) of the interest we receive and pass on a lower rate to you. The rate we currently pay to you is 0.00% each year – this represents an annual AER* of 0.00%.

*AER stands for Annual Equivalent Rate and shows that the interest rate would be if interest was paid and added each year.