Interest Rate Policy for Womble Bond Dickinson (UK) LLP

This policy applies to Womble Bond Dickinson (UK) LLP and details our approach to the payment of interest on any client money we hold. Our policy complies with SRA Accounts Rules and will ensure you are treated fairly while considering the cost to us of operating the client account and the need for instant access to client funds.

All money held by us on behalf of our clients is placed in our general client account or, in exceptional circumstances, in a separate designated deposit account.

Where we hold money in our general client account, we will pay the applicable client interest which will be calculated on a quarterly basis. Interest will only be paid if the amount calculated is more than £20 per quarter. If we have opened a separate designated client account, we will pay to you all interest earned on that account.

Where interest is due to a client, we will use our reasonable endeavours to obtain the best available rate with our main bankers, taking account of the usual need to have instant access to the funds in order to facilitate transactions. This means that the interest received is likely to be less than a client would achieve if they invested their money for a specified period of time.

Last updated May 2025