Where interest is to be earned on money held on deposit we will account to our client for the interest earned.
Depending on the type of transaction and the work involved we may take a margin of that interest to recover our administration cost. If this is the case it will be stated within the Letter of Engagement our client received from us.
Rates are as follows:
Received from bank: 0.37%
Paid to you: 0.19%
Retained by us: 0.18%
Please be aware that the information on this page does not prevent Harper Macleod from seeking to recover from a client the administrative costs for depositing sums on their behalf with a bank as per the Harper Macleod Service Agreement.