We pay interest on amounts held for you in a general client account at the prevailing rate (if any) which our main bank advises would be paid if the money were held in a separate instant access savings account.
For client balances held in a foreign currency we will apply a rate that is proportionate to any interest that the firm receives.
We will not normally pay interest where the total interest calculated over the lifetime of your matter is less than £50 or foreign currency equivalent.
Provided we have acted reasonably in dealing with money we hold for you, we will have discharged our duty to you as trustee in relation to that money.
This policy is subject to periodic review and may be updated or amended as necessary.