Interest will be added to your Freetrade account/s. We will give preference to paying interest to your ISA over your GIA, if you have a cash balance in both.

For example, if you have £3,000 available cash in your ISA and £2,000 in your GIA, we will apply the interest to the £3,000 in the ISA first, and then to the remaining £1,000 of the £4,000 threshold in your GIA. The interest payment will then be split accordingly between the two accounts.

Any interest paid to your ISA does not impact your annual allowance as this is considered as a return on your investment and not a contribution.

Cash held in a SIPP will not be eligible to receive interest.