Boosted Interest Promotion: FAQs and Exclusions

The 7.5% boosted interest promotion offers eligible UK share dealing clients interest on uninvested GBP cash, subject to eligibility criteria and exclusions.

Promotional period: Make your first investment on a UK share dealing account between
1 January – 16 January 2026 to earn boosted interest of 7.5% AER (up to £10,000) until 31 March 2026.

How does the boosted interest promotion work?

Interest paid on uninvested cash only
Interest applies only to GBP balances (not other currencies)
The boosted rate is 7.5% AER variable, capped at £10,000 across all physical accounts (GIA, ISA and SIPP)
Balances above £10,000 earn 3.75% AER variable, up to a total eligible balance of £100,000
Interest is calculated on daily balances throughout the calendar month
Interest payments are made in the following month

Who is eligible for the boosted interest promotion?

You’ll be eligible for the boosted interest rate if you:

• Make your first investment on a UK share dealing account between 1 January and 16 January 2026, and

• Meet at least one of the following conditions during a calendar month:

– You hold an open share position at any point during the month on a share dealing account, or

– You place at least one buy or sell trade during the month on a share dealing account

Which accounts are included?

The £10,000 boosted interest cap applies across all physical UK share dealing accounts, including:

General Investment Account (GIA)
ISA
SIPP

Balances are aggregated across these accounts when calculating interest.

Which balances earn interest?

Only uninvested cash earns interest
Funds committed to open positions, pending orders, or unsettled transactions do not earn interest
Interest is paid on eligible cash held during each day of the month

How is boosted interest calculated?

Boosted interest (up to £10,000) is calculated using the following formula:

Daily interest calculation:

Daily interest = Daily balance × (7.5% AER ÷ 365)

Any eligible balance above £10,000 earns interest at 3.75% AER, up to a total eligible balance of £100,000.

The Boosted Interest rate of 7.5% AER variable is subject to change. We'll notify you of any changes to the rate.

When is interest paid?

Interest is calculated daily throughout the calendar month
Interest payments are credited to your account in the following month
The boosted interest promotion runs until 31 March 2026

Interest payment examples

The examples below assume a 30-day month and are for illustration only.

Example 1: Single account under £10,000

If you have £10,000 in one share dealing account and meet the eligibility requirements:

Full balance earns interest at 7.5% AER (daily capped amount)

Monthly interest: (£10,000 × 7.5% AER) ÷ 365 × 30 days = £61.64

Monthly interest: £61.64

Example 2: Multiple accounts with split rate tiers

If you have £10,000 in each of two accounts (total £20,000) with active trading:

Only the first £10,000 total earns 7.5% AER (capped amount across all accounts)
Each account represents 50% of your total balance (£20,000)
Each account receives 50% of the 7.5% AER tier (on £5,000) and 50% of the 3.75% AER tier (on £10,000)

Account 1:

£5,000 at 7.5% AER: (£5,000 × 7.5% AER) ÷ 365 × 30 = £30.82
£5,000 at 3.75% AER: (£5,000 × 3.75% AER) ÷ 365 × 30 = £15.41
Subtotal: £46.23

Account 2:

£5,000 at 7.5% AER: (£5,000 × 7.5% AER) ÷ 365 × 30 = £30.82
£5,000 at 3.75% AER: (£5,000 × 3.75% AER) ÷ 365 × 30 = £15.41
Subtotal: £46.23

Total monthly interest: £92.46

Example 3: Single account with mixed rate tiers

If you have £25,000 in one ISA account with active trading:

First £10,000: (£10,000 × 7.5% AER) ÷ 365 × 30 = £61.64
Remaining £15,000: (£15,000 × 3.75% AER) ÷ 365 × 30 = £46.23

Total monthly interest: £107.87

Example 4: Multiple accounts exceeding the cap

If you have £50,000 in each of three accounts (total £150,000) with active trading history:

Only £100,000 total is eligible for interest (capped amount)
Each account represents 33.33% of your total balance (£150,000)
Interest will be distributed proportionally across accounts

Interest calculation on eligible £100,000:

£10,000 at 7.5% AER: (£10,000 × 7.5% AER) ÷ 365 × 30 = £61.64
£90,000 at 3.75% AER: (£90,000 × 3.75% AER) ÷ 365 × 30 = £277.40

Total monthly interest (30 days): £339.04

Each account receives approximately £113.01

Additional FAQs

1. Who is eligible for this promotion?

This promotion is available to clients who make their first investment on a UK share dealing account between 1 January 2026 and 16 January 2026.
Clients with previous UK share dealing investment activity are not eligible.

2. How long does the boosted rate last?

Eligible clients will earn the boosted 7.5% AER rate (on balances up to £10,000) until 31 March 2026.
After this date, the standard variable interest rate will apply.

3. What if I don't want to receive interest on my cash balance?

If you wish to opt out of earning interest on your cash balance, please contact us via Live Chat or WhatsApp. Once processed, interest will no longer be paid on your account.

4. When will interest be paid?

Interest is calculated daily based on your eligible cash balance throughout the calendar month and is paid in the following month.

5. What if I don't trade in a particular month?

If you don’t have any trading activity during a calendar month (no open share positions and no trades), you won’t earn interest for that month.

6. What if I open an account mid-month?

Interest will be calculated from the day eligible cash is held in your account, provided you meet the activity requirements.

7. Does money tied up in open positions earn interest?

No. Only uninvested cash earns interest. Funds committed to open positions and unrealised profits do not earn interest.

8. I have more than £10,000 cash. Will it all earn the boosted rate?

No. The boosted rate of 7.5% AER applies only to the first £10,000 across all eligible accounts.
Balances between £10,000 and £100,000 will earn interest at the standard variable rate.
Any amount above £100,000 will not earn interest.

9. I have funds in multiple currencies. Will all balances earn interest?

No. Interest is paid only on settled GBP cash balances. Other currencies do not earn interest.

10. Can I combine this promotion with other offers?