Cleared funds, including cash from dividends, held on your behalf will be placed on interest bearing accounts.

Interest will be credited to your portfolio monthly and calculated on the basis of the level of cash held on account in accordance with the interest rate published below.  Interest on currencies other than pounds sterling will be agreed on a case by case basis.

Rates: All quoted interest rates are variable

Effective date: From April 1st 2009

Payment Frequency: Monthly

Gross: The interest rate applied to the account, before any dedction of any applicable tax

AER: The annual equivalent rate is the gross interest rate that would be applied if interest were paid and compounded annually

Non Guernsey residents: If you are not resident in Guersney, in accordance with the EU Savings Tax Directive, the interest applied to your account may be subject to a retention tax