Cash Panel

In today’s volatile market conditions, fixed rate accounts can be a great way to achieve both an element of protection and potential growth for investment portfolios. For this reason James Hay can now offer highly competitive fixed rate accounts from leading banks for our sole trustee and wrap products. James Hay has negotiated these competitive rates specifically for our customers. James Hay will be looking to add further accounts from alternative banks over the coming months.

Below are indicative rates available to all SIPP and Wrap (excluding Offshore Bond) clients**.

Please note: The interest rate applied will be the prevailing rate on the day that the money is deposited into the account. This is likely to be 2 to 5 business days after receipt of the application form by James Hay.

Indicative rates as at 22 February 2012

Fixed Term Deposit Rates	6 Month	12 Month
Arbuthnot Latham & Co Limited (Minimum investment £50,000 per account)	1.85 (AER)	3.10 (AER)

Cater Allen Private Bank (Minimum investment £50,000 per account)

1.30 (AER)

3.10 (AER)

Close Brothers Limited (Minimum investment £50,000 per account)

1.45 (AER)

2.80 (AER)

Investec Bank plc (Minimum investment £50,000 per account)

2.30 (AER)

3.15 (AER)

All rates quoted are gross and interest will be paid gross* at the end of the term. The rate applied will be fixed for the full term of the deposit.

All interest rates quoted are AER, which stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

All the banks on the Cash Panel reserve the right to withdraw these facilities at any time for new monies. Existing Accounts will then terminate at the end of the current term. It is the responsibility of the Client or Financial Adviser to decide if such an account is a suitable investment option for their own or their client’s plan.

Application Form and Terms and Conditions for a Fixed Term Deposit Account with Arbuthnot Latham & Co Limited

Application Form and Terms and Conditions for a Fixed Term Deposit Account with Cater Allen Private Bank

Application Form and Terms and Conditions for a Fixed Term Deposit Account with Close Brothers Limited

Application Form and Terms and Conditions for a Fixed Term Deposit Account with Investec Bank plc

How to apply

1. Complete the relevant application form for the fixed term account you have chosen.
   
2. Please ensure you have read the Terms & Conditions section and raised any questions that you may have before submitting your application.
   
3. Each application form can be completed and returned to James Hay via post.
   
4. Once your application has been accepted, you will be sent confirmation of the new account, along with the interest rate and maturity date for your fixed term deposit.

* The gross rate is the interest rate payable before the deduction of income tax. If the deposit is made using funds from a Wrap Investment Portfolio, it is the client’s responsibility to forward details of the interest paid to HM Revenue and Customs for tax return purposes.

** The Cash Panel is available for the Partnership SIPP, iSIPP, Private Client SIPP, eSIPP, Select SIPP and Wrap products.

For Cash Panel transactions James Hay will receive a fee from the deposit provider based on the value of monies invested.