Consolidate your ISAs and PEPs

Important changes to our interest rates

We are making important changes to our interest rates on cash balances
Effective from 1 August 2008

From 1 August, as part of an overhaul of the cash products we are able to offer our clients, we’re changing the way in which we calculate interest payable on cash balances within our MarketMaster® and Investment ISA accounts.

The interest paid is banded, which means that the rates in the table below apply only to the portion of the balance within each band shown, not to your cash balance as a whole. Each band of your overall cash balance will receive different rates of interest as shown below, to give an overall blended rate.

Cash balance band	Interest paid on this band only
£0 - £999.99	Nil
£1,000 - £12,499.99	4% below Barclays Base Rate
£12,500 - £24,999.99	3.5% below Barclays Base Rate
£25,000 - £149,999.99	2.5% below Barclays Base Rate
£150,000 - £249,999.99	1% below Barclays Base Rate
£250,000 and over	Barclays Base Rate

For example, a total cash balance of £180,000 held pending investment would attract the following interest rates:

On the first £999.9	0%
On the portion of the balance between £1,000 and £12,499.99	4% below Barclays Base Rate
On the portion of the balance between £12,500 and £24,999.99	3.5% below Barclays Base Rate
On the portion of the balance between £25,000 and £149,999.99	2.5% below Barclays Base Rate
On the remaining balance between £150,000 and £180,000	1% below Barclays Base Rate

Please note you can find the Barclays Base Rate printed in the Daily Telegraph and Daily Mail or by calling Barclays Bank on 0845 603 0845*, hold for an agent and ask for the current rate.

All other rates and charges remain unchanged.

Want to make your cash work harder?

Whether you’re waiting to enter the market or looking for a suitable investment product to put your money into, why not make your cash work harder by investing in the BGI Liquidity First Fund?

The addition of the BGI Liquidity First Fund to our Funds Market is part of the overhaul of our cash product offering. Until recently this fund was not widely available to private investors. This, together with Money Market Funds provided by a range of international recognised fund managers, provides investors with an opportunity to receive enhanced returns on cash when compared to trading or current accounts.

The BGI Liquidity First Fund has no Initial Service Charge and there are no trading commissions for investing in it, although there is an annual management charge, so 100% of your investment goes straight into the fund. There are also no charges for selling the fund which makes it a possible product to put your cash into until you make your investment decisions. The minimum investment is £25,000. However, this is not the same as placing funds on deposit; the value of the BGI Liquidity First Fund may fall as well as rise. The fund pays interest. It aims to get the best rate of return available in the cash market and benchmarks itself against 7 day LIBID** (London InterBank Bid Rate).The level of income can go down as well as up and is not guaranteed.

Find out more about the BGI Liquidity First Fund

Full rates and charges
MarketMaster®
Investment ISA
SIPP

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What can I invest my cash in?
Funds
Investment Notes
Equities
iShares (ETFs)
Bonds and Gilts

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Open an account
Trading Accounts
Investment ISAs
SIPPs

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Open a Trading Account | BGI Liquidity First Fund | Investment options

*Calls made to 0845 numbers will cost no more that 4p per minute, plus 6p call set-up fee (current as at November 2007) for BT residential customers. The price on non-BT phone lines may be different. Lines are open 8.30am-5.30pm Monday to Friday and Saturday 9am-1pm, except Bank Holidays. To maintain a quality service, phone calls may be monitored or recorded.

**LIBID - London Inter Bank Bid Rate generally 0.125 below LIBOR where LIBOR is London Inter Bank Offer Rate - the rate that a bank is willing to lend money to other banks.

Barclays Stockbrokers is the Group name for the businesses of: Barclays Stockbrokers Limited, a member of the London Stock Exchange and PLUS. Registered No. 1986161; Barclays Sharedealing, Registered No. 2092410; Barclays Bank Trust Company, Registered No. 920880. Registered VAT No 243 8522 62. All companies are registered in England and the registered address is: 1 Churchill Place, London E14 5HP. All companies are authorised and regulated by the Financial Services Authority.