Interest on Cash
The annual equivalent rate of interest earned on Transact pooled cash for January 2024 was 4.88% 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).
| Transact Portfolio Value | Cash held (6.49% of total portfolio) | Annual interest on cash (payable monthly but equivalent to 4.88% p.a. as at Jan 2024) | Transact charges on an average portfolio of up to £235k |
|---|---|---|---|
| £235,000 | £15,251.25 | £744.27 – equivalent to 31.6bps on total portfolio | 26bps |
1. Introduction
2. TOL Recent Enhancements
3. Structured Product Trends
4. Linking Third Party Offshore Bonds To A GIA
5. Transact Webinar Highlights From 6 February
6. Transact Data API
7. Transact – BlackRock MPS
8. Transitional Tax-Free Amount Certificates For The New Pension Allowances
9. Fund Changes
10. Interest on Cash
11. Transact Events 2024