Cash interest rates

We pay the following interest rate on uninvested sterling cash balances held within client portfolios on the Saltus platform:

Annual gross interest rate, effective since 7th November 2024*:                               2.8% 

Each month’s interest payment is calculated according to the portfolio’s daily balance during the month and is credited on the first business day of the following month. The rate payable is reviewed monthly and is subject to change.

As a Financial Conduct Authority (FCA) authorised firm, Saltus is required keep our clients’ money and assets separately to our own, achieved through the appointment of a specialist custodian (Multrees Investor Services Ltd). The custodian is also bound by strict FCA regulations enforcing the segregation of client money and assets from those of the firm. Our clients’ money and assets are therefore ring-fenced from the balance sheets of both Saltus and the custodian, in the unlikely event that either firm becomes insolvent.

*Please note that interest is not paid on any cash balances held in overseas currencies.