Any un-invested cash within your Nutmeg account will earn interest at the current Bank of England (BOE) base rate less 0.35 per cent. If the base rate is less than 0.35%, un-invested cash will receive no interest.
Interest paid on cash held within a Nutmeg ISA or Lifetime ISA (remember we only offer a stocks and shares ISA and LISA) is not subject to tax.
Interest paid on cash held within a Nutmeg general investment account (GIA) is subject to tax at standard income tax rates.
Find out why there might be un-invested cash on your portfolio.