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 is not an individual bank account. The money is pooled and held in account in the name of Embark.
RBS, HSBC, Qatar National Bank and Mizuho Bank are our chosen banking partners.
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.