Interest Policy

Interest will be paid to clients at a rate of 0.15% below the interest rate applicable to the firm’s general Client Account held with the Royal Bank of Scotland, subject to the following conditions:

1. Interest will not accrue during the first 30 consecutive days after the funds are deposited.

2. Interest will begin to accrue from (and including) the 31st day after the funds are deposited, provided that:

• the balance continuously held throughout the initial 30‑day qualifying
  period is £10,000 or more, and
• the total interest due exceeds £50.00.

3.  Interest credited in relation to funds held on the client’s behalf will generally be held on account and may be earmarked for transfer against any outstanding bill balances.

For the avoidance of doubt, interest does not accrue retrospectively for the first 30 days, even if the funds remain on account for more than 30 days.