Interest Rates for Custody Terms and Conditions (Offshore – SIG)
Where clients use SEI Investments - Guernsey Ltd (The Custodian) for custody services, The Custodian will pay credit interest to its Customers using the SEI Wealth Platform (SWP) at the following rates.
On Sterling Balances:
Credit Interest Rate
W1M Client Interest Fee
Net Credit Interest Rate
On US Dollar Balances:
Credit Interest Rate
W1M Client Interest Fee
Net Credit Interest Rate
On Euro Balances:
Credit Interest Rate
W1M Client Interest Fee
Net Credit Interest Rate
Interest is calculated on a daily basis and is credited to investment accounts every month. The above rates are effective as at 16 May 2025.
The Custodian will not pay any credit interest on balances in any other currency or pay credit interest in any currency to The Custodian’s Institutional Asset Management clients. The Custodian does not allow Customer cash accounts to be overdrawn, where overdrawn accounts occur the Custodian may at its discretion charge an overdraft rate at the appropriate Central Bank official interest rate.
In the event of a charge being incurred by the Custodian for holding a cash balance (a negative interest rate) in its client bank accounts, the Custodian reserves the right to pass such charges to the Customer.