The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

Interest rates

At 7IM, we do not charge a service fee on cash. We and the custodian do retain some of the interest paid on client monies from the relevant bank or credit institution.

From 01 April 2024

Interest rates payable on credit cash balances held via 7IM are:

Onshore accountsCurrent rate of interest
GBP cash rate3.50%
EUR cash rate*1.00%
USD cash rate**3.00%
Offshore accountsCurrent rate of interest
GBP cash rate3.00%
EUR cash rate*0.00%
USD cash rate**0.00%

*Based on European Central Bank rates
**Based on Federal Reserve rates

Interest will only be paid on cash held in GBP, EUR and USD. We do not pay interest on currencies other than those listed above.

The interest rates are variable and may change. Interest rates can be zero.

Interest is calculated on a daily basis and paid every six months.

If accrued interest is less than £10 over a six-month period, no interest will be credited for that period. Please remember that the interest rates may change at any time.

Any changes to the interest rates will be displayed on this website.

Keeping your money in cash

If you decide to keep your money in cash over the long-term, you may wish to consider the impact of inflation, which may erode the buying power of your cash.

For full details of our fees and charges, please speak to your financial adviser or us.
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