What will happen to cash held in a HL account and how is interest calculated?
Within each HL account cash is held in two separate cash management accounts, the Income account and the Capital account. Any dividends or tax credits you receive are paid into your Income account. Any other payments you make into your HL account are held on the Capital account.
The interest on cash held in your Capital account is calculated on a daily basis and credited to your HL account within the first 10 working days of each month.