Any uninvested cash balance in your WiseAlpha Investment Account is treated as client money. These funds are held in segregated client money bank accounts with NatWest Bank Plc, separate from WiseAlpha’s own corporate funds. This means that, in the unlikely event of WiseAlpha’s insolvency, your cash would remain protected and would not be available to WiseAlpha’s creditors.
When you purchase Fractional Bonds using your cash these bonds are held in dedicated bare trusts by WiseAlpha (as trustee) and custodied with Titan Settlement & Custody Limited (authorised and regulated by the FCA), with BNY Mellon acting as the ultimate custodian.
All payments from the underlying bond such as coupons (interest), capital repayments or any other distributions are passed on to you in full, pro rata to your holding. WiseAlpha does not take credit risk on these assets; your exposure is solely to the underlying bond you have selected.
Uninvested cash balances will not earn interest.