From 19 December 2025, Embark Platform will pay interest on cash deposits at a rate equivalent to 1.70% each year, this means that for every £100 held in cash we’ll pay £1.70 in interest over a year.
This is based on the expectation that we will earn interest at a rate in the region of 3.35% – 3.60%. The customer rate will be set at 1.70%, with the Platform retaining the balance.
| Start Date | Customer Rate | Based on £100 held in Cash | Interest Retained by Embark | Based on £100 held in Cash |
| 19/12/25 | 1.70% | £1.70 | 1.65% – 1.90% | £1.65 – £1.90 |
Each account includes a cash facility to support everyday activity, such as paying charges and making payments in and out of your clients’ accounts.
Cash held may be eligible for interest, but the cash facility is not designed for holding large balances over the longer term.
When cash is held within an account, it is pooled with other clients’ money and placed with a range of trusted banking partners, whose interest rates may vary. We manage these deposits to maintain liquidity and optimise returns, balancing rates available with the financial strength of our banking partners and diversifying holdings to help manage risk.
We retain the difference between the interest rate we pay and the rates received from our banking partners. Any interest retained by us helps keep Platform charges as low as possible. The interest rate applied to clients’ accounts is set by us and may change at any time.
Where interest is paid, it is accrued daily based on the client’s cash balance and applied to the client’s account on the first business day of each month. If an account is transferred out during the month, any interest accrued up to that date is applied at the point of transfer.
The table below shows the yearly equivalent rates of interest we expect to pay based on a range of possible yearly interest rates. The maximum amount of interest that Embark will retain is the equivalent of 2% per year.
| Interest we expect to earn | Customer 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%+ | 2.02%+ | 1.98% – 2.00% |
| Date | Customer Rate | Based on £100 held in Cash | Interest Retained by Embark | Based on £100 held in Cash |
| 18/08/2025 – 18/12/2025 | 1.85% | £1.85 | 1.76% | £1.76 |
| 19/05/2025 – 17/08/2025 | 2.00% | £2.00 | 1.80% | £1.80 |
| 25/11/2024 – 18/05/2025 | 2.30% | £2.30 | 1.77% | £1.77 |
| 12/06/2024 – 24/11/2024 | 2.60% | £2.60 | 1.86% | £1.86 |
| 25/03/2024 – 11/06/2024 | 2.46% | £2.46 | 1.97% | £1.97 |
| 06/10/2023 – 24/03/2024 | 2.16% | £2.16 | 1.70% | £1.70 |
| 17/07/2023 – 5/10/2023 | 2.0% | £2.00 | 2.05%* | £2.05 |
*prior to introduction of 2.00% maximum charge.
Please note customer rates are reviewed monthly. As part of this review cycle, we look at the actual rates generated and our best estimate of the yield we expect to earn and adjust the customer rate accordingly. As such the historical table shows the actual rates retained as opposed to that anticipated when set.
The Platform Account(s) charge is a percentage charge based on the value of the assets under administration in the client’s Platform Account(s). This charge is not applied to any cash within your client’s account(s) held outside a model portfolio.