Skip Header

How we manage your cash

Investment ISA, Junior ISA, Investment Account and Cash Management Account

Any cash you hold is spread across several banks for your security. The latest figures for how this money is allocated between the banks we use is shown below; these proportions will vary throughout the day.

Bank Percentage allocated to that bank*
Barclays Bank Plc 72%
Royal Bank of Scotland Plc 14%
Lloyds Bank Plc 14%

*Allocations are correct as of March 2019 and will be updated every quarter.

Current rates of interest

In this low interest rate environment, we are not paying any interest on cash held in these accounts. If this changes, we’ll update this page to let you know.

Charges

We don’t charge a service fee for holding your cash. Instead, we retain interest received from the bank(s) we deposit your money with to cover the cost of administering it. We will retain interest earned on these deposits at a rate of up to 0.25% a year. Any excess will be used to pay you interest on your cash balances.

The Fidelity SIPP

Cash in the Fidelity SIPP is currently held either in a ‘SIPP Cash Account’ or as ‘Cash Within Your Account’.

If you have NOT yet received a letter from us saying your Fidelity SIPP has moved to our new system, you will have a SIPP Cash Account.

If you have received a letter from us saying your Fidelity SIPP has moved to our new system, you will have ‘Cash Within Your Account’.

All the cash held in these services is currently deposited with Barclays Bank Plc.

Current rates of interest

SIPP Cash Account 0.35%
Cash Within Your Account 0%

Charges

SIPP Cash Account

In addition to our standard service fee, we reserve the right to retain an amount of up to 0.02% of the interest received from the bank(s) we deposit your money with to cover the cost of providing the service.

Cash Within Your Account

We don’t charge a service fee for holding your cash. Instead, we retain interest received from the bank(s) we deposit your money with to cover the cost of administering it. We will retain interest earned on these deposits at a rate of up to 0.37% a year. Any excess will be used to pay you interest on your cash balances.

We plan to introduce interest payments later this year, across all account types as interest rates rise.

How is my money protected?

Fidelity has multiple levels of protection for your money in the event that something goes wrong. Fidelity is authorised and regulated by the Financial Conduct Authority, which means we always hold a significant amount of liquid capital. And because we are an investment firm, not a bank, we are required to separate client money from our own.

Find out more about how your money is protected