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)
<£10,000	1.70%
£10,000+	3.00%

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 currently use the following banking partners for holding Client Money and have processes in place for monitoring the ongoing appropriateness of the banks with whom we deposit Client Money.

National Westminster Bank PLC (NatWest)
Clydesdale Bank PLC
Santander UK PLC