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Information on cash deposit

Old Mutual Wealth's platform cash deposit facility

If you hold money in the cash deposit facility within your ISA or Collective Investment Account, interest will be calculated and paid daily on the cash balance within your account at a rate set by us. The rate will remain in force until the next update. We seek to earn the best achievable rate, and do not seek to profit from client money held in cash deposit. The interest rate is set based upon expected interest which means we may earn marginally more or less than the interest we pay.

The rate of interest from 14 November 2017 is 0.26% a year before tax.

Please refer to the product literature on our literature library for an explanation of how tax deductions apply to the cash deposit facility.

Historical rates of interest

21 September 2016 to 13 November 2017: 0.14% a year before tax

12 August 2016 to 20th September 2016: 0.20% a year before tax

5 April 2015 to 11 August 2016: 0.35% a year before tax

1 May 2014 to 5 April 2015: 0.40% a year before tax

6 April 2014 to 30 April 2014: 0.35% a year before tax

April 2009 to 5 April 2014: 0.10% a year before tax

March 2009: 0.60% a year before tax

February 2009: 1.10% a year before tax

January 2009: 1.60% a year before tax

Old Mutual Wealth's platform cash deposit facility as at 3 October 2017

Bank/Building society % holdings of facility
National Westminster Bank PLC   5%
Barclays Bank PLC 27%
Lloyds Bank PLC 22%
Skandianviska Enskilda Banken AB 22%
HSBC 24%


OMW Deposit Fund – Only applicable to Heritage Products

The OMW Deposit Fund does not pay interest as it is a unit-linked fund.

The OMW Deposit Fund invests directly into the BlackRock Institutional Sterling Liquidity fund.

Holdings data for the OMW Deposit Fund is available on the OMW Deposit Fund factsheet at funds.oldmutualwealth.co.uk/funds/fundinfo/ or via the BlackRock Institutional Sterling Liquidity fund factsheet.