How we protect your cash

When you hold cash in your Investment ISA, Junior ISA, Investment Account or Cash Management Account we spread that cash across several banks for your security.

The amount we allocate to each bank is based on the table shown below. The amounts deposited with each bank and the proportions will vary throughout the day.

Bank Percentage allocated to that bank*
Barclays Bank Plc 77%
Royal Bank of Scotland Plc 16%
Lloyds Bank Plc 7%

*These allocations are correct as of 08 June 2018 and will be updated every quarter.

Deposits held in these bank accounts are covered by the Financial Services Compensation Scheme (FSCS), which guarantees you get your money back up to a maximum of £85,000 per bank in the event of financial problems. Any other deposits you hold with the bank(s) we use will also count towards this limit.

For more information about how the FSCS might apply to your cash, you can read more at www.fscs.org.uk.

Current rate of interest

In this low interest rate environment, we are not paying any interest on cash held in your accounts. If this changes, we’ll update this page to let you know. Interest will be calculated daily and paid into your account after the end of every month, less any applicable withholding tax.

Charges

We currently don’t charge a service fee for holding your cash. However, we reserve the right to retain an amount of up to 0.25% of the interest received from the bank(s) we deposit your money with to cover the cost of providing the service.