Payment of Interest to the Client
We do not carry out a banking or investment service, we only hold client monies for a specific purpose and generally only for a short period of time.
We do not pay interest on client deposits that are with us for less than 28 days.
We do not pay interest if the gross interest accrued is less than £60.00.
Subject to the above interest will be paid on client monies at a rate 0.25% below the deposit interest rate paid by HSBC for the time being on the Client Account.
Monies held longer term in a Designated Deposit Account will attract interest on a daily rate as paid by HSBC for the time being.
Acceptance of our standard Terms and Conditions will indicate an agreement by you to the Banking and Interest Payment Policy