Special Deposit Account
Special Deposit Account
James Hay is able to offer our SIPP and Wrap clients access to a Cater Allen Private Bank Special Deposit Account with a range of fixed terms.
A Cater Allen Special Deposit Account provides a fixed rate of interest on savings of over £50,000. The prevailing rate on the day on which the money is deposited into the Account will be fixed for the duration of the deposit and paid at the end of the term.
Please see below for an indication of the Special Deposit Account terms and interest rates. Please note, these rates are an indication only and can change during the day. The rate of interest applied will be that available at the time Cater Allen accepts the deposit. Rates are published daily after 9am.
New limited offer 12 month rate of 2.25%
| Term |
Gross % pa |
AER % |
| 3 Months |
0.15 |
0.15 |
| 6 Months |
0.15 |
0.15 |
| 9 Months |
0.61 |
0.61 |
| 12 Months |
2.25 |
2.25 |
|
|
|
Indicative Rates as at 28th July 2010
Minimum deposit of £50,000. Gross interest paid at maturity.
|
The interest rate on this Account will be the prevailing rate on the day on which the money is deposited into the Account. This is likely to be 2-5 days after receipt of the application form by James Hay.
To apply for a Special Deposit Account, within a SIPP or Wrap, please download the Application Form from our SIPP Literature and Wrap Literature areas, or Contact us
Important Information
The Gross rate is the rate payable before the deduction of Income Tax at the prescribed rate. All rates will be paid gross.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Please note James Hay is not endorsing or recommending the above account, its inclusion does not indicate its suitability to individual needs. Advice with regard to the suitability of investment options or cash accounts should only be obtained from a Financial Adviser.