There is no Product/Service Charge applied to any money held in cash.
For the CIA, ISA, JISA or CRA, Quilter will retain the difference between our published interest rate and the rates paid by our banking partners.
For more information on our external banking partners, interest rates paid on cash and details of the rate we retain please see Interest rates on cash.
Cash held in the CIB will be used in some instances to fund adviser fees or Quilter’s charges. This is known as transactional cash. Transactional cash cannot be selected as an investment within this product. In the CIB, we set a rate of Quilter interest on cleared transactional cash and make an adjustment to the bond on a monthly basis to reflect this. The rate takes into account a tax deduction equivalent to the basic rate of tax - currently 20%.