About Elevate cash interest rates

Any cash held within your Elevate cash accounts will earn interest at a variable rate set by our relevant banking partner(s).

We apply a cash management administration charge (CMAC) to interest earned in these accounts, then pay the rest of the remaining interest to you. This charge is taken directly from the interest we receive from our banking partners. This means the charge is taken from the interest before it’s paid into your Elevate account.

Interest is calculated daily and could be zero or negative.

Expected rates for current period (27/04/2021 to 05/07/2021)

Cash account Interest earned CMAC Interest paid
Elevate Cash 0.12% 0.12% 0.00%
Elevate General Investment Account 0.12% 0.12% 0.00%
Elevate ISA 0.12% 0.12% 0.00%
Elevate Pension Investment Account 0.12% 0.06% 0.06%

Previous rate payable from 06/01/2021 to 26/04/2021

Cash account Previous interest rate
Elevate Cash 0.00%
Elevate General Investment Account 0.00%
Elevate ISA 0.00%
Elevate Pension Investment Account 0.05%

You can find more details about interest rates and the cash management administration charge in the Elevate charges guide (364KB).

Our external banking partners

Currently our external banking partners are:

  • Royal Bank of Scotland (RBS)
  • Bank of Scotland (BoS)
  • Cater Allen
  • Lloyds Bank