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Balance - £ |
% on each wrapper |
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£0 - |
0.00 |
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Last Updated: 15:10 on 03/05/17
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When calculating interest due we will sum cash balances on
the Deposit accounts, Reserve accounts and Income accounts within each wrapper
under the clients' portfolios. The sum of these cash balances will then be used
to determine which interest rate will apply (using the above tiers) and interest
will then be calculated on a daily basis and applied to the clients' accounts
monthly.
We will earn a margin on the interest received on client
monies, this margin will depend upon the aggregate interest paid to clients and
the interest rate received from banks with whom we deposit client monies. The
average interest rates paid to clients and the prevailing rates will change on a
daily basis.
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