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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.

Bank Percentage allocated to that bank*

Barclays Bank Plc

67%

Lloyds Bank Plc

23%

Royal Bank of Scotland Plc

9%
Bank of America N.A. 1%

*Effective from July 2021

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 0.10% a year.

The Fidelity SIPP

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.

Bank Percentage allocated to that bank*
Barclays Bank Plc 78%
Lloyds Bank Plc 21%
Bank of America N.A. 1%

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 0.10% a year.

We plan to introduce interest payments soon, 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