Bank Interest Rates - The Premier Self Invested Personal Pension
The Premier Self Invested Personal Pension was formerly the Arbuthnot SIPP. The
product name changed following our purchase of the Trustee Company in 2008.
Our standard practice provides for rates of interest to be allocated at a rate fixed
below the Bank of England base rate as varied from time to time and are tiered as
follows:
- £1 - £50,000 - 0.5%
- £50,000 plus - 1.0%
In respect of any monies controlled by Premier Pension Services (PPS) on behalf
of the Member pursuant to the Service Agreement, PPS will use its best endeavours
to make available banking arrangements with Arbuthnot Latham Private Banking (“AL”)
on special terms.
Designated bank accounts will be maintained for the Member with appropriate authorisations
in place for the movement of funds.
Facilities are available to enable PPS, on behalf of the Member, to manage effectively
the day-to-day cash needs of the policy.
All rates above are per annum with interest paid quarterly unless otherwise stated.
Date page updated ...... 12th May 2009