Interest on cash

The annualised rate of interest earned on Transact pooled cash for August 2025 was 3.77% (paid monthly) and this has been credited to client portfolios. At the end of June 2025, clients held on average 8.33% of their portfolio values in cash.

We use eight UK-licensed banks: Barclays, Cater Allen, Clydesdale, HSBC, Lloyds, NatWest, Royal Bank of Scotland and Santander, and our treasury function expertly manages the cash across different notice periods (up to 95 days – the maximum allowed under the FCA’s client money rules). To help you and your clients when considering your FSCS exposures, details of the banks we use and the percentages held with each bank are updated monthly and published here.

It’s possible for the interest earned on a client’s cash holding to cover Transact’s annual charges, for example:

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*Tax may be due on interest earned in non-exempt wrappers

 

 

1. Introduction
2. Transact Online (TOL) –  Recent enhancements 
3. LiveChat now supports client & transaction-specific queries
4. Transact covers UPS delivery charges for cheques
5. Transact supports improvements to industry in specie transfer times
6. Succession planning – keep clients involved
7. The Transact–BlackRock MPS turns three
8. Estate planning with a spousal bypass trust (SBT)
9. Covering the IHT liability in a pension
10. Capital Gains Tax – impact of recent changes and possible reforms
11. Interest on cash
12. Transact events 2025