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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.

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Goal planning

Do you know what your financial future looks like? Learn to set some realistic goals here

Investment is all about achieving your goals. So it's important to have an idea what they are before you venture any money. Use this simple step-by-step guide to help you figure out what you want to achieve.

Why are you investing?

Are you saving up a certain amount for a holiday, or just growing some long-term savings? Figuring out your end goal will help you keep your eye on the ball.

How much time do you have?

Different investments need different amounts of time. For example, putting money aside for your child's university fees may require a very different timeframe to saving for your retirement.

How comfortable are you with risk?

There's always a chance you'll get back less than you invest, so you need to think about how much risk you're willing to take.

Is diversification sensible?

You can potentially reduce the amount of risk you take by investing in Funds that cover lots of markets and regions.

See how easy it is to start thinking about planning for your future, using our simple goal planning tool.

Plan a goal

Do you want income or growth?

Some investments offer regular Cash payments, much like a monthly income. While others should be left to grow over time. Think about which one will best help you achieve your goals.

Can you stay on top of your investments?

Our simple online tools make monitoring your investments quick and easy. However, you'll still need to check on them regularly to stay on track. If you prefer to be less hands on with your portfolio, perhaps look into Funds that invest across a range of assets, regions and sectors.

Once you can confidently answer these questions, you'll have a much clearer idea of your goals. The next step is to look into the investment options that will offer you the best chance of achieving them.


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