Bank Interest Rates - Premier Fundsdirect Deposit Account
Many of our SSAS and SIPP clients use our Premier Fundsdirect service for the management
of cash. Apart from providing higher rates of interest on cash than would normally
be available on the SSAS scheme account or SIPP member bank account the service
also provides online access to monitor the current cash balances.
A significant additional benefit is that funds are managed by Royal London who 'split'
the aggregate balances between a number of banks so reducing the exposure to investors.
Details of the current allocation are available on request.
If you would like to know more about this service then please contact us on Francesca
Federico on 029 2055 7003.
Interest Rates at 30/04/2010
- £0 - £49,999 - 0.05%
- £50,000 - £149,999 - 0.25%
- £150,000 - £249,999 - 0.40%
- £250,000 plus - 0.65%
The above rates are set independently of Bank of England base rates and Investment
Funds Direct Limited reserves the right to amend these rates at any time. Interest
is not applicable to non-GBP balances.
All rates above are per annum with interest paid monthly.