Interest Rates

Harness our integrated technology solutions and expertise to grow and scale your business

Onboard clients faster and run your business more efficiently with our digital operations and tools

Benefit from the fastest valuations across all asset classes

It is our responsibility to safeguard the cash we hold on your behalf, which is known as “client money”.

Apex Unitas Limited (“Unitas”) is an FCA regulated custodian. Our clients are typically either investment managers, fund managers or regulated firms appointed to arrange investments on behalf of underlying clients (the “Appointing Party”). In each case, the Appointing Party has been appointed to provide certain services to underlying clients, which includes the appointment of and authority to arrange custody services as agent on behalf of those underlying clients. Those underlying clients will herein be referred to as “you”. There may be instances where you are also a party to the custody agreement under a triparty arrangement with the Appointing Party. In those cases, the Appointing Party is still our client from a regulatory perspective, notwithstanding you are a client from a contractual perspective.

As a result of our role as appointed custodian, it is our responsibility to safeguard the cash we hold on your behalf, which is known as “client money”.

Unless otherwise directed by the Appointing Party, we hold uninvested client money in a number of omnibus client money bank accounts. Funds are held securely in these accounts and are protected in line with the rules and requirements of the Financial Conduct Authority (“FCA”).

The accounts attract interest at a rate that fluctuates in line with the underlying Bank of England Base Rate, and we will pay you a share of this interest into the omnibus client money bank accounts we have set up for the Appointing Party and in accordance with the custody agreement we have in place with them. This share may be nil if interest rates fall below a certain percentage and will be negative if negative interest is charged on the account.

Current Interest Rates

These are the current interest rates you will earn for cash balances held in Pounds Sterling (“GBP”), Euro ("EUR") and United States Dollar (“USD”). These interest rates are applicable as of 21 May 2025. Interest is calculated daily based on the amount of client money we hold on your behalf and is allocated monthly. We will credit this interest to the omnibus client money bank account we have set up on your behalf 10 business days after each month end.

Account balance	Gross%	AER%
On the first £25,000	2.00	2.02
On the value between £25,000.01 - £100,000	2.50	2.53
On the value over £100,000	3.00	3.04

Account balance	Gross%	AER%
Up to €25,000.00	0.50	0.50
€25,000.01-€100,000.00	0.75	0.75
€100,000.01 up	1.00	1.00

Account balance	Gross%	AER%
Up to $25,000.00	0.50	0.50
$25,000.01 - $100,000.00	0.75	0.75
$100,000.01 up	1.00	1.00

AER stands for Annual Equivalent Rate and shows the interest rate you receive over the year taking into account the effect of compounding interest payments.

Cash balances held in GBP, Euro, US dollars are treated separately for the purposes of calculating interest, even if balances are held within the same account.

When we allocate interest, it might result in fractional entitlements of less than a penny. In these cases, we will take steps to allocate these fractional elements fairly – this may include removing fractional elements from the account, where this is consistent with the FCA rules.

Interest rate changes

We will update the table if the interest rates you earn on your balances change, so do check back for the most up to date information.

It is important to remember that an omnibus client money bank account is not the same as a savings account and therefore should not be treated as such. The Appointing Party is responsible for managing any of your uninvested funds which are held by us on your behalf. Please note that you may be able to earn more interest by placing the funds in an interest-earning savings account in your own name.

Choosing the right bank

We may use a number of UK banks, each of whom we will have trust arrangements in place with. We choose these banks carefully and undertake annual due diligence to ensure they remain the right choice for our custody accounts.

More information

The full terms and conditions governing our custody arrangements are included in the custody agreement we have in place with the Appointing Party (and you, it if is a triparty arrangement) and which you should have received a copy of. You may also have access to the custody agreement by way of URL link set out in the application form you received from the Appointing Party. This is subject to any changes of which you have been made aware. For more information, please liaise with the Appointing Party.

We reserve the right at our sole discretion to change, modify, add or remove portions of this webpage, at any time.

Stay informed with Apex Group

If you would like to get in touch, please complete our enquiry form and a member of our team will get back to you.

Contact us