In a volatile market, or as you approach a life stage where you want to focus on protecting your capital, cash deposit accounts can be a great low risk investment to achieve a level of growth to protect against the impact of inflation.

We have used our financial strength to negotiate competitive rates specifically for our investors in order to offer highly competitive accounts from leading banks.


Term deposit protection by the
Financial Services Compensation Scheme (FSCS)

All cash deposit accounts are covered by the Financial Services Compensation Scheme’s (FSCS) deposit protection, which is currently up to a maximum of £85,000. The level of protection can be subject to change and you can read more about the FSCS deposit protection here. The protection is by deposit taker (bank) rather than deposit, so for example, if you had two fixed rate deposit accounts with Bank A for £50,000 (£100,000 in total), your cover is still £85,000 maximum.

The protection is based on you as an individual even though the trustee is the legal owner of the assets in your SIPP. So if you hold money personally with a bank then that will be included in the £85,000 limit. For example, if you hold £10,000 personally with Bank A and £80,000 with Bank A through us, your total FSCS protection in the event of the failure of Bank A would be restricted to £85,000 overall.

Please note:

1. The cash deposit accounts are currently only available on SIPPs**.

2. 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 Partnership.

Indicative rates available to James Hay Partnership clients as at 31 May 2018

  Arbuthnot Latham & Co. Cater Allen Private Bank Close Brothers Ltd Investec Bank Plc Metro Bank Plc
Minimum investment £25,000 £25,000 £25,000 £25,000 £25,000
3 months




0.35% 0.75%
6 months 0.75% 0.40%


0.55% 1.00%
9 months 0.90% 0.50% 0.95% 0.95%


12 months 1.30% 0.70% 1.65% 1.65% 1.30%
18 months 1.45%


1.70% 1.75%


24 months 1.60% 0.80% 1.80% 1.83% 1.40%
36 months 1.70% 1.00% 1.85% 1.96%


48 months 1.80%


1.95% 2.08%


60 months 2.00%


2.20% 2.16%


  Apply Apply Apply Apply Apply


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 rates quoted are gross and interest will be paid gross* at the end of the term or at intervals determined by the account provider.

All the banks on the 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 your responsibility to decide if such an account is a suitable investment option. If you not sure, we recommend that you talk to a regulated financial adviser. If you do not have a financial adviser, you can find a regulated adviser close to you at

How to apply

Complete the relevant application form for the fixed term account you have chosen.

Please ensure you have read the Terms & Conditions section and raised any questions that you may have before submitting your application. Each application form can be completed and returned to James Hay Partnership via secure message, post or fax. When investing in the Cash Panel early withdrawal of investment funds, prior to the expiry date of the investment period, may incur charges and other costs.

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.

** The Cash Panel is available for all products administered by the James Hay Partnership (excluding SSAS) and where James Hay Pension Trustees Limited are acting as sole trustee.