Credit interest rate until 29 February 2024
4.35% per annum
Credit interest rate effective from 1 March 2024
4.45% per annum
Interest rates for custody terms and conditions (onshore–SIEL)
Where clients use SEI Investments (Europe) Ltd (The Custodian) for custody services, The Custodian will pay credit interest to its Customers using the SEI Wealth Platform (SWP) at the following rates.
On Sterling balances:
On U.S. dollar balances:
Credit interest rate until 29 February 2024
4.30% per annum
Credit interest rate effective from 1 March 2024
4.35% per annum
On Euro balances:
Credit interest rate until 29 February 2024
2.00% per annum
Credit interest rate effective from 1 March 2024
2.25% per annum
Interest is calculated on a daily basis and is credited to investment accounts every month. The above rates quoted are subject to any charges which may be levied by your wealth or investment manager.
The Custodian will not pay any credit interest on balances in any other currency or pay credit interest in any currency to The Custodian’s Institutional Asset Management clients. The Custodian does not allow Customer cash accounts to be overdrawn, where overdrawn accounts occur the Custodian may at its discretion charge an overdraft rate at the appropriate Central Bank official interest rate.
In the event of a charge being incurred by the Custodian for holding a cash balance (a negative interest rate) in its client bank accounts, the Custodian reserves the right to pass such charges to the Customer.
Important Information:
This information is provided by SEI Investments (Europe) Limited (SIEL) 1st Floor, Alphabeta 14-18 Finsbury Square, London EC2A 1BR, United Kingdom. SIEL is authorised and regulated by the Financial Conduct Authority in the United Kingdom