Your cash account is used to allow Millenium Investment to buy or sell assets, pay withdrawals or pay plan charges and fees on your behalf.
This cash is held in bank accounts. Interest rates remain low for certain currencies and as a result negative interest rates may apply on short-term deposits such as overnight deposits and savings accounts.
The table below shows where the rates of interest that apply to any positive cash balance you hold in your cash accounts are negative. Any negative interest will be applied to the positive cash balances you hold at the end of each calendar month. For information on the rates applicable to overdrawn cash accounts, please contact us.
These interest rates are set by the banks we hold your cash accounts with and are subject to change at any time. We therefore recommend that you monitor this page regularly to see what rates are being applied to your cash account holdings.
| Currency | Current interest rate* |
|---|---|
| Japanese Yen | -0.4% |
*These rates were last updated on 7 November 2022.