Fees
What an account costs
Fees are set by Scheme Rule 8 and depend on the Bank of England Base Rate.
The Base Rate is 3.75%, in effect from 18 Dec 2025. The marked row applies to a contract joining the scheme today.
| Base Rate | Fee per contract account |
|---|---|
| Base Rate 3.75% or aboveApplies today | No fee, except £25.00 plus VAT a month while the balance is under £5,000.00 |
| Base Rate below 3.75%, and 0% or above | £25.00 plus VAT a month |
| Base Rate below 0% | £25.00 plus VAT a month, plus any negative interest passed on |
Also in Rule 8
- The first two monthly fee dates after an account opens carry no fee.
- The rates are fixed for a contract when it joins the scheme.
The governing text is Rule 8 of the Scheme Rules. The scheme is administered by DOS & Co.