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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.
Here you’ll find a simple explanation of some of the most commonly used investment terms. If there is any other financial jargon you want translated, please call our Customer Service Team free on 0800 597 2525 or email us at enquiries@willisowen.co.uk and they will be pleased to help.
The rate of return on an investment after adjustment for inflation.
This return shows the increase (or the decline) in the value of an investment in terms of its spending power. See also ‘Return’ and ‘Total Return’ and 'Nominal return'.
A fund that is established outside the UK must be recognised by us to be promoted to retail investors in the UK. A recognised fund may also be called a ‘recognised CIS’ or ‘overseas scheme’.
A UCITS established in another EEA country must be recognised, under section 264 of the Financial Services Markets Act 2000 (FSMA).
For further information click for our FCA recognised funds page.
A charge (also referred to as a withdrawal fee or exit charge) levied on the proceeds from selling shares in certain investments, such as 'with-profit bonds'. The charge may be levied on a sliding scale depending on the period of time for which the investment has been held.
One of the most valuable measures for a fixed interest security. The redemption yield measures the annualised return taking into account any income or capital gain or loss on the underlying securities if held to redemption.
A quoted company usually appoints a registrar. The registrar is responsible for the administration of the share register, distributing shareholder information on behalf of the company and the payment of dividends to shareholders.
The Fund Manager buys units and shares back from the investor who receives cash.
The units or shares are sold on to another investor. If there are no buyers at the time, sufficient underlying assets in the fund are sold in the markets to raise the cash.
Return is the money you make from your investment. This is the combination of income and growth that your investment generates.
A rights issue is a secondary equity capital raising in contrast with an Initial Public Offering (IPO) which is a primary capital raising. It involves the issue of new Shares to existing shareholders in proportion to their holdings for a specified period and at a specified (usually discounted) price.
The term ‘pre-emptive’ rights is often used which refers to the fact that shareholders have first refusal over exercising their allotted rights. If a holder takes up their entitlement in full they will own the same percentage share of the company as they held previously. Read more
