Interest on Cash
The annual equivalent rate of interest earned on Transact pooled cash for December 2023 was 4.86% and this has been credited to client portfolios.
We use UK licensed banks: Barclays, Cater Allen, Clydesdale, HSBC, Lloyds, NatWest and Santander and our treasury function expertly manages the cash across different notice periods (up to 95 days).
| Annual Rate as at end of December | Equivalent rate earned based on 4.86% p.a. and 6.49% portfolio cash holding. | Transact Charges on Single Portfolio of £235k |
|---|---|---|
| 4.86% | ~ 31.5bps | 26bps |
1. Introduction
2. TOL Recent Enhancements
3. Development Summary for 2023
4. New Aggregated Second Dealing Point
5. Succession Planning Update
6. Share Class Conversion
7. Transact – BlackRock MPS Update
8. Maximum Tax-Free Cash Options
9. Fund Changes
10. Interest on Cash Deposits
11. Transact Events 2024