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Elevate cash interest rates

Any cash held in your Elevate cash accounts will earn interest at a variable rate set by our relevant banking partner(s). We apply a cash management administration charge (CMAC) to interest earned in these accounts and the remainder of the interest is paid to you. We take this charge directly from the interest we receive from our banking partners so we’ll already have deducted it before paying interest into your Elevate account.
Interest is calculated daily and could be zero or negative in the future.

Expected rates for current period (13/03/2020 to 05/04/2020)

Cash AccountInterest earnedCMACInterest paid
Elevate Cash 0.48% 0.38% 0.10%
Elevate General Investment Account 0.48% 0.38% 0.10%
Elevate ISA 0.48% 0.38% 0.10%
Elevate Pension Investment Account 0.35% 0.00% 0.35%

Previous rate payable from 18/01/2020

Cash AccountPrevious Interest Rate
Elevate Cash 0.29%
Elevate General Investment Account 0.29%
Elevate ISA 0.29%
Elevate Pension Investment Account 0.35%

Further details about interest rates and the cash management administration charge can be found in the Elevate - Your guide to charges document.

Our external banking partners

Currently our external banking partners are:

  • Royal Bank of Scotland (RBS)
  • Bank of Scotland (BoS)
  • Cater Allen