My favourite pages
Loading GIF
Support topics

Need help in something? Take a look at our support area for your answer.

Find out more

Quick content survey

As your feedback helps us improve our content and services, we'd appreciate it if you can spare a few moments to respond to the following statements.

Cash interest explained

You will receive interest on balances in your platform cash account at the prevailing rate.

Embark Investment Services Limited acts as the custodian for investments on the Willis Owen platform and is one of our strategic partners that provides our Willis Owen ISA, GIA, Junior ISA and SIPP.

Embark places cash with a number of banking partners for safekeeping and to provide the potential for you to earn interest on money in your platform cash account. By managing cash in this way, it aims to provide better protection and a higher overall level of interest than if all funds were placed with a single bank.

The rates of interest paid by banks will vary. Embark retains a portion of the interest earned to cover its costs in managing platform cash.

Current Interest Rate

The table below shows the current customer interest rate payable on cash balances along with the amount of interest retained by Embark. The customer interest rate shown is that after accounting for interest retained by Embark:

Date From Customer Interest Rate Interest retained by Embark
12th June 2024 2.6% 1.75% - 2.00%

Embark can change the rate of interest at any time and it reviews the position at least quarterly. Interest is calculated and accrued daily and is credited to your account on the first of each month. If you transfer out, accrued interest is applied at the point of transfer. We will inform you if and when the interest rate changes as soon as is practicable.

Interest retained

The table below shows the yearly equivalent rates of interest Embark expects to pay based on a range of possible yearly interest rates it may earn.

Interest Embark expects to earn Customer Interest Rate Interest retained by Embark
0-1% 0 – 0.46% 0 – 0.54%
1-2% 0.46% – 0.94% 0.54% – 1.06%
2-3% 0.94% – 1.46% 1.06% – 1.54%
3-4% 1.46% – 2.02% 1.54% – 1.98%
4-5% 2.02% – 2.61% 1.98% – 2.39%
5%+ 2.61%+ 2.39%+

Historic Interest Rates

To see details of historic customer interest rates, along with the amount of interest retained by Embark, click here.

Start investing
with Willis Owen

From using our investment solutions to building your own portfolio, get started with as little as £25.

Choose an investment account

Our investment
guides and tools

Explore our series of guides to assist you on your investing journey, complemented by tools for planning and monitoring your investments.

Take a look
Oneplan logo

Use our simple service to bring together pensions you've built up elsewhere to make them easier to manage.

More on pension consolidation

Our reviews on Feefo

Why Willis Owen?

Since 1982 we've been helping people take their first step into their financial future. We know how important it is to get the individual help you need.

Messages

Here to help

Feel free to get in touch with our friendly Customer Service Team online or on our free phone number to answer any queries.

Simple

Simple online platform

Review and manage your investments, with a wide range of investment options to choose from on our secure platform.

Eye

Expert insights

Our research team use their years of expertise to produce useful articles that are easy to read and understand.

Award winning

WO Awards

Getting started is as easy as 1, 2, 3

We know that experience is the one thing you can’t buy. So although we are not able to offer personal advice, we’ll give you all the help we can and the tools you’ll need to shape your own financial future.

1: Select an account

Whether you want to make the most of the ISA allowance or take care of your retirement with a SIPP, you can find an account right for you.

2: Add investments to your account

We offer both ready made solutions and research tools to enable you to build and manage your investments.*

3: Open an account

Open an account and purchase your selected investments. You can also contribute via Debit Card or setup a regular Direct Debit.

* You can skip Step 2 and add investments to your account later, when you have finished your own research.

Connecting...

Checking for available agents.