Cash
Cash has tended to be a poor long-term investment and so our normal approach is to seek to keep uninvested cash to a minimum. Nevertheless, there are times when it is appropriate to hold cash in order to protect portfolios. Our deposit rate of interest is competitive for short-term cash holdings (0.625% below the Bank of Scotland base rate) but investors intending to remain in cash for periods of a month or longer may find more competitive interest rates elsewhere. Cash held in ISA accounts earns interest at 1% below Bank of Scotland base rate.