| My favourite pages |
| Support topics
Need help in something? Take a look at our support area for your answer. Find out more |
Session Timeout
You have been inactive for 0 mins.
Stay logged in or you will be logged off in 60 seconds.
Quick content survey
As your feedback helps us improve our content and services, we'd appreciate it if you can spare a few moments to respond to the following statements.
Cash interest explained |
You will receive interest on balances in your platform cash account at the prevailing rate.
Embark Investment Services Limited acts as the custodian for investments on the Willis Owen platform and is one of our strategic partners that provides our Willis Owen ISA, GIA, Junior ISA and SIPP.
Embark places cash with a number of banking partners for safekeeping and to provide the potential for you to earn interest on money in your platform cash account. By managing cash in this way, it aims to provide better protection and a higher overall level of interest than if all funds were placed with a single bank.
The rates of interest paid by banks will vary. Embark retains a portion of the interest earned to cover its costs in managing platform cash.
Current Interest Rate
The table below shows the current customer interest rate payable on cash balances along with the amount of interest retained by Embark. The customer interest rate shown is that after accounting for interest retained by Embark:
| Date From | Customer Interest Rate | Interest retained by Embark |
|---|---|---|
| 25th March 2024 | 2.46% | 1.75% - 2.00% |
Embark can change the rate of interest at any time and it reviews the position at least quarterly. Interest is calculated and accrued daily and is credited to your account on the first of each month. If you transfer out, accrued interest is applied at the point of transfer. We will inform you if and when the interest rate changes as soon as is practicable.
Interest retained
The table below shows the yearly equivalent rates of interest Embark expects to pay based on a range of possible yearly interest rates it may earn.
| Interest Embark expects to earn | Customer Interest Rate | Interest retained by Embark |
|---|---|---|
| 0-1% | 0 – 0.46% | 0 – 0.54% |
| 1-2% | 0.46% – 0.94% | 0.54% – 1.06% |
| 2-3% | 0.94% – 1.46% | 1.06% – 1.54% |
| 3-4% | 1.46% – 2.02% | 1.54% – 1.98% |
| 4-5% | 2.02% – 2.61% | 1.98% – 2.39% |
| 5%+ | 2.61%+ | 2.39%+ |
Historic Interest Rates
To see details of historic customer interest rates, along with the amount of interest retained by Embark, click here.
I didn't intend to do this! (How many of us start out a résumé like this!) my passion is most things mechanical, and that's where I started my career. It was by chance and a change of direction by my partner (business) that I came across an advert to join a Financial Services organisation back in 1988 - and in 1990 I moved to the Prudential, which is where my FS career really started.
The Pru were great at giving you the training and confidence needed in what was, and still is, a difficult industry. I have fond memories of those days.
In 2000 I joined Scottish Widows which also gave me an insight into to the Banking side of our sector, Lloyds TSB - however I felt I needed to move into the Independent Sector, and in 2003 I joined a National IFA firm.
I became a Director of that business having held a number of senior management roles during the last ten years.
During that time I started to work with Willis Owen, a great team and customer proposition which really interested me. Fortunately the opportunity arose for me to lead the business which I enjoy immensely.
I am passionate about doing the right things, creating businesses that are a pleasure to work in, and customers are delighted to engage with.
I also love motorcycles, my wife, and 3 children, keeping fit and watching movies.. although clearly not in that order!
Jason
Managing Director
