When do I start to earn interest?

Pending any necessary clearance, you will earn interest after 10 working days from the date of receipt, or sooner if your funds are allocated to a nominated Sub Scheme. 

You will not earn interest while your funds are in the Trust Account for a period of up to 10 working days from the date of receipt.  If your funds have not yet been allocated to a nominated Sub-Scheme, your funds will be deposited into an Interest Bearing Trust Account and you will earn the applicable commercial interest rate offered by the Bank until your funds are allocated to a nominated Sub Scheme.  On request, we will inform you of the applicable commercial interest rate.

Upon allocation of your funds to a nominated Sub Scheme, interest is earned at the applicable variable or fixed rate of the Loan from the date of allocation.

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