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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 |
|---|---|---|
| 25th March 2024 | 2.46% | 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.
Job title: Research Analyst
Department: Research
Willis Owen is a small, dynamic business and we put the customer at the heart of everything we do, which includes helping them make the right investment decisions. To support this, the business needs thorough research and data analysis processes. We are looking for a highly motivated individual to provide support to Willis Owen’s research function on a full-time basis.
The primary duties of the role will include being able to conduct research and produce a view on investments (mainly funds) across a range of asset classes. You will also produce the quarterly Investment committee reports and manage our Focus 50 lists. You will also need to support operations and work with the compliance and IT departments to answer any questions and ensure the range of investments on the website is kept updated.
There is plenty of room to grow in this role and take on additional responsibilities, you can read more in the job profile below.
The right candidate for this role, would ideally be degree or equivalent educated and have some experience working in financial services, although the latter is not essential. What is most important is the right attitude. You will need to have strong data analytical and administrations skills and be able to work accurately and to strict internal and external deadlines.
You will also need to produce written reports and form views on markets and investments, have strong communication skills and be able to influence key stakeholders. Being able to prioritize your work and problem solve are also important skills to bring to this role.
For the right candidate, we can offer a very competitive salary along with a range of other benefits. If you’re looking for a challenge and are interested in working within an exciting and fast-moving business that puts the customer first, we want to hear from you.
For more information, please take a look at the job profile:
Job Profile
