How we manage your cash
Here, you’ll see the current interest rates we pay on cash held in our accounts. Plus, find out how your money is protected and where it’s held.
| Account | Gross rate of annual interest | Annual Equivalent Rate (AER) |
|---|---|---|
| ISA (including Junior ISA) | 3.60% | 3.66% |
| Investment Account | 3.60% | 3.66% |
| Cash Management Account | 3.60% | 3.66% |
| SIPP (including Junior SIPP) | 3.70% | 3.76% |
Historic rates
| Effective Date | ISA (incl. JISA) | Investment Account | Cash Management Account | SIPP (incl. JSIPP) |
|---|---|---|---|---|
| 01/04/24 - present | 3.60% | 3.60% | 3.60% | 3.70% |
| 01/01/24 - 31/03/24 | 3.45% | 3.45% | 3.45% | 3.65% |
| 01/10/23 - 31/12/23 | 3.35% | 3.35% | 3.35% | 3.55% |
| 01/09/23 - 30/09/23 | 3.00% | 3.00% | 3.00% | 3.50% |
| 01/07/23 - 31/08/23 | 2.75% | 2.75% | 2.75% | 3.25% |
| 01/06/23 - 30/06/23 | 2.35% | 2.35% | 2.35% | 2.80% |
| 01/05/23 - 31/05/23 | 2.10% | 2.10% | 2.10% | 2.55% |
| 01/04/23 - 30/04/23 | 2.05% | 2.05% | 2.05% | 2.50% |
| 01/03/23 - 31/03/23 | 1.60% | 1.60% | 1.60% | 2.10% |
| 01/02/23 - 28/02/23 | 1.50% | 1.50% | 1.50% | 1.90% |
| 01/01/23 - 31/01/23 | 1.45% | 1.45% | 1.45% | 1.85% |
| 01/12/22 - 31/12/22 | 1.10% | 1.10% | 1.10% | 1.40% |
| 01/10/22 - 30/11/22 | 0.70% | 0.70% | 0.70% | 0.95% |
| 01/09/22 - 30/09/22 | 0.45% | 0.45% | 0.45% | 0.60% |
| 01/07/22 - 31/08/22 | 0.05% | 0.05% | 0.05% | 0.25% |
More information on interest payments:
- Interest rates can be changed at any time
- Interest is currently paid monthly. Our first annual payment was in July 2023 for the period 1st July 2022 to 30 June 2023. For this annual payment, where the account that accrued the interest had no holdings, we did not pay interest if the value accrued was less than £5
- Since this initial annual payment, interest payments are now made monthly in arrears on or around the 21st of each month and there is no lower limit on interest paid
- Interest will not be paid on unsettled cash in accounts
- Where HMRC requires, the interest will be paid net of basic rate tax. This would be in the case of interest paid into our Investment Accounts and Cash Management Account. Interest in ISAs and SIPPs is paid gross.
- We will initially pay interest to the account on which the interest was accrued, but as part of our treatment of income options, for ISAs and Investment Accounts, you can choose to then have this interest payment moved to the Cash Management Account
- We do not charge a service fee on holding your cash, but we do retain some interest which reduces our net rate
- For corporate and trust clients, we do not pay interest on cash held within Fidelity Cash Park - only on cash held within the Product Cash Account or Cash Management Account
How and where we hold cash
We spread any cash you hold across several banks for your security. The banks we work with include:
- Barclays Bank Plc
- HSBC Bank Plc
- Royal Bank of Scotland Plc
- Lloyds Bank Plc
- Bank of America N.A.
Your money is protected
We have many levels of protection for your money if something goes wrong. We’re authorised and regulated by the Financial Conduct Authority, which means that we hold a significant amount of liquid capital. And, unlike a bank, we separate customers’ money from our own.
Read more about how we protect your money