What's the interest rate payable on the One Retirement cash facility?Thu Aug 11 13:58:00 BST 2016
All product wrappers from One Retirement incorporate their own cash facility. Having a separate cash facility helps make it easy to keep track of any outgoings and incoming payments under each wrapper.
- Cash held within the cash facility of any product wrapper attracts interest at a gross rate of Bank of England base rate less 0.10%.
- We'll calculate interest on a daily basis and we'll pay any interest due monthly.
- Changes to the base rate will be applied within one working day.
- The interest rate currently applying is 0.15% gross per year.