Payment account rates
Investment Deposit Account - Managed Portfolios
Currency | Reference rate | Current Reference Rate | Tier1 | Margin | AER2 | Gross Rate (% p.a.) |
|---|---|---|---|---|---|---|
GBP
| Bank of England Bank Rate | 3.75% | 0–50,000 | 1.75% | 2.00% | 1.98% |
50,000–250,000 | 1.00% | 2.75% | 2.72% | |||
Above 250,000 | 0.50% | 3.25% | 3.20% | |||
USD
| Federal Funds Lower Bounds Rate | 3.75% | 0–50,000 | 1.75% | 2.00% | 1.98% |
50,000–250,000 | 1.00% | 2.75% | 2.72% | |||
Above 250,000 | 0.50% | 3.25% | 3.20% | |||
EUR
| European Central Bank Deposit Facility Rate | 2.50% | 0–50,000 | 1.75% | 0.75% | 0.75% |
50,000–250,000 | 1.00% | 1.50% | 1.49% | |||
Above 250,000 | 0.50% | 2.00% | 1.98% |
Investment Deposit Account - Execution Only Portfolios
Currency | Reference rate | Current Reference Rate | Tier1 | Margin | AER2 | Gross Rate (% p.a.) |
|---|---|---|---|---|---|---|
GBP
| Bank of England Bank Rate | 3.75% | 0–50,000 | 2.25% | 1.50% | 1.49% |
50,000–250,000 | 1.50% | 2.25% | 2.23% | |||
Above 250,000 | 1.00% | 2.75% | 2.72% | |||
USD
| Federal Funds Lower Bounds Rate | 3.75% | 0–50,000 | 2.25% | 1.50% | 1.49% |
50,000–250,000 | 1.50% | 2.25% | 2.23% | |||
Above 250,000 | 1.00% | 2.75% | 2.72% | |||
EUR
| European Central Bank Deposit Facility Rate | 2.50% | 0–50,000 | 2.25% | 0.25% | 0.25% |
50,000–250,000 | 1.50% | 1.00% | 1.00% | |||
Above 250,000 | 1.00% | 1.50% | 1.49% |
Please note these rates are correct as at 17th September 2026.
The rate that applies will depend on whether your portfolio is a ‘Managed Portfolio’ or an ‘Execution Only’ Portfolio. A Managed Portfolio means a portfolio managed on a discretionary or advisory basis or where you receive our cash administration service.
1Interest is paid on a tiered basis. Each tier has its own rate, and only the portion of your balance within a tier earns that tier’s rate. When your balance increases, the higher rate applies only to the portion above the lower tier.
2AER stands for ‘Annual Equivalent Rate’ and shows what the interest rate would be if interest was paid and compounded once each year. ‘Compounded’ refers to interest being added on to previously earned interest. AER can help you compare interest rates on different accounts, regardless of how often interest is added to the account. AER is calculated by taking the applicable reference rate and deducting the relevant margin for the portion of your balance within each interest tier.
For details of our debit rates, see our rate schedule.
There is no minimum balance required to earn interest on GBP, EUR and USD accounts. Please refer to your Terms of Business for details regarding the calculation of and changes to our interest rates. Please refer to our tariff of charges, for details of any applicable charges.
Please note that these rates apply to only cash with Schroders (C.I.) Limited for you (or for your order) with the exception of non-interest-bearing current accounts.