From 01 December 2023
Interest rates payable on credit cash balances held via 7IM are:
|Onshore accounts||Current rate of interest|
|GBP cash rate||3.35%|
|EUR cash rate*||0.50%|
|USD cash rate**||3.00%|
|Offshore accounts||Current rate of interest|
|GBP cash rate||2.50%|
|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.