The page you were trying to view is not available for your role.
2.18% AER*
The current interest rate is 2.18% AER (2.16% Gross)
The Gross rate is the annual interest rate we pay, before tax. Interest is calculated daily and paid monthly. The Annual Equivalent Rate (AER) shows the interest received over the course of the year, with the compounding effect of it being paid monthly.
* Note: The rate of Quilter Interest is currently 1.74% AER (1.73% Gross) on transactional cash within the Collective Investment Bond (CIB).
The cash facility within your Quilter products
Our ISA, Junior ISA (JISA), Collective Investment Account (CIA) and Collective Retirement account (CRA) have their own cash facility.
The cash facility’s main purpose is to support the efficient running of your investments by avoiding small trades that could limit other activity. For example, paying for fees and charges, or when making payments in and out.
If you invest in our Collective Investment Bond (CIB), cash cannot be selected as an investment option and is only used transactionally. This is known as `transactional cash' and it works differently to the cash facility. It has a different interest rate and you can find out more below.
Our automated cash management feature ensures sufficient cash is held to cover charges and fees within your product, keeping cash to a minimum. We do not take a service/product charge on cash, instead we retain some of the interest earned on it. Find out more below.
How could you hold cash in your product?
If you have an ISA, CIA or CRA, you can choose to hold some of your investment in cash temporarily, such as in preparation for a planned withdrawal.
However, the cash facility is not intended for those who wish to invest high proportions of their account in cash holdings for longer periods, such as over a number of months or years.
If you want to hold cash as an investment choice as part of your portfolio, perhaps to benefit from its low-risk properties as part of your portfolio, we offer a wide range of cash/money market funds that may be more appropriate. These funds provide diversified access to a wide range of cash-like options and that offer competitive cash returns.
We recommend speaking to your financial adviser about the risks and benefits of holding cash or cash/money market funds within your account.
How the current interest rate is calculated
This interest rate applies to cash balances in: ISAs, JISAs, CIAs and CRAs.
| Interest earned from our banks | Interest we retain | Gross Interest (passed on monthly to customers) | Annual Equivalent Rate (AER) for customers | |
| From 19 December 2025 to present | 3.32% | 1.16% | 2.16% | 2.18% |
So, as an example, if £1,000 was held in our cash facility for one year. We would earn a gross amount of £33.20, retain £11.60 and pass on £21.60 (which would be an annual equivalent of £21.80).
We use a tier system to determine how much of the interest received from our banks is paid to customers and how much we retain.
| Interest rate received from our banks (per tier) | Percentage of that interest that is paid to customers (per tier) |
| 0% to 1.5% | 50% |
| 1.5% to 3% | 75% |
| Over 3% | 90% |
The interest rate currently earned from our banking partners is 3.32% and using the table above:
Customers get 50% of the first 1.5% = 0.75%
Customers get 75% of the next 1.5% = 1.125%
Customers get 90% of the interest over 3.0% = 0.285%
This means the customers monthly interest rate is 2.16%. That's an annual equivalent rate of 2.18%.
When you hold cash within your ISA, JISA, CIA or CRA, it’s pooled together with other clients’ money and placed in instant access saving accounts* with a range of trusted banking partners whose rates can vary (see below for list of banks).
We work hard to earn the best available rates, balancing the financial strength of the banks and the rates available, whilst keeping the money well diversified to help manage risk. We share the interest earned, with customers, using a tiered approach shown below.
Interest is calculated daily and paid on the first working day of the month. Interest rates can be zero or negative.
*Instant access means accounts with less than 31 days’ notice. Quilter Life and Pensions may use longer dated term deposits for the CRA, where it does, this will have no impact on the interest rate paid or the availability of your cash.
| Banking partner | % of cash holdings held |
| National Westminster Bank PLC | 9% |
| Barclays Bank PLC | 8% |
| Bank of New York Mellon | 14% |
| HSBC Bank PLC | 8% |
| Lloyds Bank PLC | 12% |
| Standard Chartered Bank | 16% |
| Nationwide Building Society | 15% |
| Bank of America | 18% |
| Banking partner | % of cash holdings held |
| National Westminster Bank PLC | 12% |
| Barclays Bank PLC | 7% |
| Bank of New York Mellon | 14% |
| HSBC Bank PLC | 7% |
| Lloyds Bank PLC | 14% |
| Standard Chartered Bank | 16% |
| Nationwide Building Society | 14% |
| Bank of America | 16% |
|
Due to roundings, the percentage split of funds will not always necessarily add to 100%. |
Protecting your money
We take the protection of client’s money very seriously and there are a number of safeguards in place to protect your money in the highly unlikely event that we or the manager of the assets you invest in becomes insolvent or a bank defaults. Find out more by reading our useful guide.
What interest rate is paid on transactional cash in the CIB?
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 of Quilter Interest is currently 1.74% AER (1.73% Gross) on this transactional cash. The rate takes into account a tax deduction equivalent to the basic rate of tax - currently 20%.
Historical rates
Please note:
- Quilter interest was not paid on transactional cash on the CIB prior to 5 August 2024. Therefore , the rates provided below do not include CIB for periods prior to 5 August 2024.
| Interest earned from our banks | Interest we retain | Gross Interest (passed on monthly to customers) | Annual Equivalent Rate (AER) for customers | |
| From 8 August 2025 to 18 December 2025 | 3.57% | 1.19% | 2.38% | 2.41% |
| From 9 May 2025 to 7 August 2025 | 3.83% | 1.21% | 2.62% | 2.65% |
| From 7 February 2025 to 8 May 2025 | 4.08% | 1.23% | 2.85% | 2.89% |
| From 8 November 2024 to 6 February 2025 | 4.33% | 1.26% | 3.07% | 3.11% |
| From 2 August 2024 to 7 November 2024 | 4.58% | 1.28% | 3.30% | 3.35% |
| From 18 June 2024 to 1 August 2024 | 4.85% | 1.31% | 3.54% | 3.60% |
| From 13 February 2024 to 17 June 2024 | 4.82% | 1.31% | 3.51% | 3.57% |
| From 5 September 2023 to 12 February 2024 | 4.75% | 1.30% | 3.45% | 3.51% |
Please note:
- cash or transactional cash could not be held in the CRA or CIB prior to 23 February 2020.
- whilst transitioning to our shared interest approach, between 5 June to 5 September 2023, we retained the difference between our published interest rate and the fluctuating rates paid by banking partners. This ranged between 0.25% and 1.25%.
| Dates | Gross interest | AER |
| 25 March 2023 to 5 September 2023 | 3.38% | 3.43% |
| 11 February 2023 to 24 March 2023 | 3.28% | 3.33% |
| 3 February 2023 to 10 February 2023 | 3.05% | 3.09% |
| 25 January 2023 to 2 February 2023 | 2.65% | 2.68% |
| 21 December 2022 to 24 January 2023 | 2.40% | 2.43% |
| 2 December 2022 to 20 December 2022 | 2.20% | 2.22% |
| 22 November 2022 to 1 December 2022 | 2.00% | 2.02% |
| 10 November 2022 to 21 November 2022 | 1.85% | 1.87% |
| 4 November 2022 to 9 November 2022 | 1.65% | 1.66% |
| 2 November 2022 to 3 November 2022 | 1.28% | 1.29% |
| 18 October 2022 to 1 November 2022 | 1.18% | 1.19% |
| 14 September 2022 to 17 October 2022 | 1.07% | 1.08% |
| 6 August 2022 to 13 September 2022 | 0.50% | 0.50% |
| 26 July 2022 to 5 August 2022 | 0.27% | 0.27% |
| 23 June 2022 to 25 July 2022 | 0.22% | 0.22% |
| 7 May 2022 to 22 June 2022 | 0.15% | 0.15% |
| 23 March 2022 to 6 May 2022 | 0.10% | 0.10% |
| 15 February 2022 to 22 March 2022 | 0.05% | 0.05% |
| 6 July 2020 to 14 February 2022 | 0.00% | 0.00% |
| 31 March 2020 to 5 July 2020 | 0.05% | 0.05% |
| 17 March 2020 to 30 March 2020 | 0.10% | 0.10% |
| 24 February 2020 to 16 March 2020 | 0.24% | 0.24% |
| 13 August 2018 to 23 February 2020 | 0.45% | 0.45% |
| Dates | Gross interest | AER |
| 18 December 2017 to 12 August 2018 | 0.32% | 0.32% |
| 14 November 2017 to 17 December 2017 | 0.26% | 0.26% |
| 21 September 2016 to 13 November 2017 | 0.14% | 0.14% |
| 12 August 2016 to 20th September 2016 | 0.20% | 0.20% |
| 5 April 2015 to 11 August 2016 | 0.35% | 0.35% |
| Dates | Gross interest | AER |
| 1 May 2014 to 5 April 2015 | 0.40% | 0.40% |
| 6 April 2014 to 30 April 2014 | 0.35% | 0.35% |
| April 2009 to 5 April 2014 | 0.10% | 0.10% |
| March 2009 | 0.60% | 0.60% |
| February 2009 | 1.10% | 1.11% |
| January 2009 | 1.60% | 1.61% |
Please note:
- Quilter interest was not paid on transactional cash on the CIB prior to 5 August 2024.
| Gross Quilter Interest (passed on monthly to customers) | Annual Equivalent Rate (AER) for customers | |
| From 8 November 2024 to 6 February 2025 | 2.46% | 2.49% |
| From 5 August 2024 to 7 November 2024 | 2.64% | 2.68% |