How are my account costs paid?
Taken from your account on the 26th of each month or the next business day. If there is not enough money in your account to pay the fee, we will take the payment from the next credit to your account. If outstanding fees increase over time, you will be able to see the amount owed on your statements. You can then pay into your account as normal to cover the fee owed. Please note, we may write to you if the outstanding amount is not cleared and we may have to sell investments in your account to cover the fee owed.
Statements & contracts notes
Same as above if received by post (free if received by email).
Frequent dealing option fee
If you’ve chosen our Frequent dealing option, the first payment is taken from your account when opened (and quarterly thereafter). We’ll let you know if there’s not enough money in your account to pay the fee, and switch you to our Standard dealing option if you still don’t pay enough money in.
Dealing commission and Regular Investing fees
Taken from your account as part of each transaction.
Taken from your account at the time of the individual transaction. We will contact you if there is insufficient money in your account to cover any fees due.
What interest is paid on cash in my account?
Gross interest on any cash you hold is credited quarterly to your account at the Bank of Scotland base rate less 3.5%. The Share Centre may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.
We don't charge an inactivity fee
If your account is empty then you will not be charged an admin fee and you can keep the account open until you are ready to invest again. Other fees may apply.