Banking and interest rates

Banking Partners

Within each account we offer a cash facility. We do this by providing access to a bank account operated by our banking partner. This bank account is not unique to the account. It holds amounts of money for Embark Platform investors centrally.

RBS, Qatar National Bank and Mizuho Bank are our chosen banking partners. We also have the ability to hold cash with First Abu Dhabi Bank and National Bank of Kuwait.

Current interest paid

Stocktrade do not pay interest on cash deposits held.

The current rate of interest being paid by us on cash held on the Stocktrade platform is 0%.

Whilst we have the ability to hold cash, it is held to facilitate investment transactions only. There is no requirement to hold cash to operate an account with Stocktrade.

Any interest received from our banking partners is retained by Stocktrade to cover our costs of administration for the account.This treatment of interest by us is detailed in the rate card.

The current rate of interest received from our banking partners is 3.52%.

We do not receive any interest from our banking partners on cash held in EUR and USD.

Previous interest paid

Date Interest received and retained by Embark Interest paid
January-March 2024 3.54% 0%
October-December 2023 3.4% 0%
July-September 2023 1.25% 0%
April-June 2023 0.83% 0%
January-March 2023 0.58% 0%

If you have any questions regarding our banking partners or interest paid on Stocktrade Accounts, please do not hesitate to contact us on 0131 240 0400 or [email protected].