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Question

Will I receive interest on any cash held in my account?

Answer

The interest paid is banded, which means that the rates in the table below apply only to the portion of the balance within each band shown, not to your cash balance as a whole. Each band of your overall cash balance will receive different rates of interest as shown below, to give an overall blended rate.

 

Please note that our interest rates will move in line with changes in the Barclays Base Rate. However, where the applicable margin would result in a negative figure, the rate will be zero i.e. we will pay no interest. At present we only pay interest on balances in excess of £250,000

Cash Balance band Interest paid on this band only
£0 - £999                 Nil
£1,000 - £12,499         4% below Barclays Base Rate
£12,500 - £24,999           3.5% below Barclays Base Rate
£25,000 - £149,999            2.5% below Barclays Base Rate
£150,000 - £249,999             1% below Barclays Base Rate
£250,000 and over             Barclays Base Rate

View the Barclays Bank Base Rate  online alternatively you can call Barclays Bank directly on 0845 603 0845*, hold for an agent and ask for the current rate. (Lines are open 08.30 - 17.30(GMT) Monday to Friday and Saturday 09:00 - 13:00(GMT), except Bank Holidays. To maintain a quality service, phone calls may be monitored or recorded.)

Please be aware bandings are different on our Barclays Stockbrokers SIPP account please click here to view interest paid.

*Calls to 0845 numbers from a BT residential line will cost no more than 4p per minute, plus 10.9p call set-up fee (correct as at October 2010). The price on non-BT phones may be different; please check with your service provider. You can only use these numbers if you are calling from the UK; if calling from outside the UK, please call +44 141 352 3909. Calls may be recorded to monitor the quality of our service, to check instructions and for security purposes.  

 

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