Interest on Cash
01/05/2026
Killik & Co is a well-established and award-winning wealth manager, whose mission is to help families save, plan and invest for their futures.
We work closely with our clients to structure their wealth in such a way as to identify funds available for long-term investing and minimise cash holdings in order to mitigate inflation risk. To help clients with mid-term or foreseeable expenses we offer a comprehensive range of bond- and gilt-based investment solutions.
Capital at risk.
UK Fixed Income Service - Our UK Fixed Income Investment Strategy enables clients to invest directly into a portfolio of carefully selected bonds, mostly of short duration, allowing complete visibility over each holding. To find out more, call us or speak to your Adviser.
Government Bonds (Gilts) - Short Dated Government Bonds, or Gilts, are considered one of the safest investments and carefully selected can be very tax efficient. Unlike bank deposits, which are protected up to £120,000 by the FSCS, Gilts are fully guaranteed by the UK Government. For current rates and to find out more call us or speak to your Adviser. We shortly intend to offer a Short Dated Gilt Service please ask - your Adviser for details.
Cash Management Platforms - For clients seeking higher returns from cash, we provide access to a cash management platform. Clients can identify the best interest rates available and manage their money across multiple accounts. These rates are available for cash held in tax wrappers (including SIPPs but excluding ISAs).To find out more, call us or speak to your Adviser.
See the table below outlining the interest paid over the previous month on the following accounts General Investment Accounts, SIPP and ISA for April 2026, on the three largest currency client balances we hold; GBP, USD and EUR. No interest is earned on other currency balances.
Should clients need monies immediately or wish to take advantage of market moves and invest swiftly, client cash is held in the form of instant access accounts. Because instant access accounts pay lower interest rates than more restrictive regular savings accounts or term deposit accounts, we actively work with all our clients to ensure that cash holdings are appropriate to their needs and signpost available alternatives regularly and proactively in a fair, clear and balanced manner.
To ensure that we provide good value for money for client across all our fees, rates and charges we run a comprehensive client feedback programme and regularly review our position relative to the market. We review our interest rates monthly and adjust to make sure clients are receiving fair value for this service. The rates earned differ depending on the currency of the cash, the total volume of that currency our custodian holds with each bank and the rates provided by those banks. We can achieve more competitive rates for our clients on larger pooled balances, e.g. most of our client cash balances are held in GBP and USD, hence the better rates achieved on these balances as shown in the table below.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. The AER calculation does not take account of amounts which are retained in accordance with point 1.13 of the Platform Securities Terms and Conditions.
CASH BALANCE CURRENCY | AER* |
GBP | 1.72% |
USD | 1.55% |
No interest was earned on currency balances last month other than those listed in the table above.
Payment terms
Interest, calculated on a daily basis, will be credited gross every six months, but sums under £1 will not be distributed. Where payment is made to you by BACS, interest on the sum concerned will be credited up to the date the payment is initiated.
Sign up to our newsletter
Sign up to receive the latest news from Killik & Co, including our Market Update and Killik Explains educational videos, and be one of the first to hear about upcoming events and webinars. You can unsubscribe at any time and learn how we use your data in our Privacy Policy.