Cash Balances held within your Parmenion account will earn interest payable at a rate determined by us and stipulated below. For more information on how interest is calculated, please refer to Our approach to Cash Interest document.

Cash balance	Interest rate (gross)
£0 - £1,499.99	0.00%
£1,500.00 - £6,499.99	1.70%
£6,500+	2.55%

Banking partners

Money held by Parmenion on behalf of our clients, is held in accordance with the FCA’s Client Money rules and guidance, and as set out in our Terms & Conditions. 

We use a range of banking partners with strong credit ratings for holding Client Money and have robust processes for monitoring the ongoing appropriateness of the banks with whom we deposit Client Money.