Instant Access

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
WeslyanSIPP Trustee Bank Account0.50%
0.10%
£5,000
£1
TBC
£4,999
FSCS
Metro BankInstant Access0.40%£10,000£5,000,000FSCS
Buckinghamshire Building SocietySIPP No Notice (Issue 5)0.25%£1£500,000FSCS
Cater AllenInvestment SIPP Account0.25%
0.125%
0.10%
£500,000
£100,000
£0
TBC
£499,999
£99,999
FSCS
Mansfield Building SocietySIPP Trust Cash Deposit Account - Easy Access (1st issue)0.20%£25,000£250,000FSCS
Scottish WidowsPension Fund Deposit Account 20.01%£500TBCFSCS
Permanent Bank International Instant Access0.05%
0.01%
0.01%
£50,000
£25,000
£0,000
£1,000,000
£49,999
£24,999
Isle of Man Depositor Compensation Scheme
RBSInstant Access0.00% NoneNoneFSCS

30 Day Notice

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Permanent Bank International 35 day notice account0.90%
0.60%
0.10%
£25,000
£10,000
£0
£1,000,000
£24,999
£9,999
Isle of Man Depositor Compensation Scheme
InvestecSIPP & SSAS Saver Account 0.85%£25,000NoneFSCS
Cater AllenSovereign 30 Account0.55%£5,000TBCFSCS
Mansfield Building SocietySIPP Trust Cash Deposit Account - Pension 30 (5th issue)0.40%£25,000
£500,000
FSCS

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90 Day Notice

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Permanent Bank90 day notice1.00%
0.70%
0.20%
£25,000
£10,000
£0
£1,000,000
£24,999
£9,999
Isle of Man Depositor Compensation Scheme
Mansfield Building SocietySIPP Trust Cash Deposit Account - Pension 90 (1st issue)0.60%£25,000£500,000FSCS

100 Day Notice

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
None available

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1 Month Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Punjab National Bank1 month fixed rate0.05%£1,000NoneFSCS

2 Month Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?Contact details
Punjab National Bank2 month fixed rate0.05%£1,000NoneFSCS

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3 Month Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?Contact details
Cater Allen3 month fixed rate0.30%£50,000NoneFSCS

Punjab National Bank3 month fixed rate0.15%£1,000NoneFSCS
Permanent Bank International3 month fixed rate0.10%
0.05%
0.01%
£100,000
£50,000
£20,000
£3,000,000
£99,999
£49,999
Isle of Man Depositor Compensation Scheme

6 Month Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Bank of Baroda6 month fixed rate0.45%£500£500,000FSCS
Cater Allen6 month fixed rate0.40%£50,000NoneFSCS
Bath Building Society6 month fixed rate0.30%£50,000£250,000FSCS
Permanent Bank International6 month fixed rate0.30%
0.05%
0.01%
£100,000
£50,000
£20,000
£3,000,000
£99,999
£49,999
Isle of Man Depositor Compensation Scheme
Punjab National Bank6 month fixed rate0.25%£1,000NoneFSCS
Investec6 month fixed term deposit 0.20%£25,000NoneFSCS

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9 Month Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?Contact details
Permanent Bank International9 month fixed rate0.50%
0.25%
0.10%
£100,000
£50,000
£20,000
£3,000,000
£99,999
£49,999
Isle of Man Depositor Compensation Scheme
Cater Allen9 month fixed rate0.50%£50,000NoneFSCS

Bank of Baroda9 month fixed rate0.45%£500£500,000FSCS
Investec9 month fixed term deposit 0.40%£25,000NoneFSCS
Punjab National Bank9 month fixed rate0.25%£1,000NoneFSCS

1 Year Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?Contact details
Bank of London and Middle East1 year fixed rate1.50%£25,000£2,000,000FSCS
United Trust BankBusiness 1 year bond1.30%£500£500,000FSCS
Close Brothers Savings12 month fixed rate1.00%£50,000£1,000,000FSCS
Julian Hodge Bank1 year fixed rate deposit accountAnnual interest: 1.00%

Monthly interest: 1.00%
£1,000£1,000,000FSCS
Metro Bank12 month fixed rate0.90%£10,000£2,000,000FSCS
Permanent Bank International1 year fixed rate0.90%
0.85%
0.75%
£100,000
£50,000
£10,000
£3,000,000
£99,999
£49,999
Isle of Man Depositor Compensation Scheme
State Bank of India1 year fixed deposit offer0.75%£10,000£5,000,000FSCS
Cater Allen12 month fixed rate0.70%£50,000NoneFSCS
Bank of Baroda 12 month fixed rate0.60%£500£500,000FSCS
Investec12 month fixed term deposit account 0.55% £25,000None FSCS
Punjab National Bank1 year fixed rate0.40%£1,000NoneFSCS
Bath Building Society12 month fixed rate0.30%£50,000£250,000FSCS

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15 month fixed rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Bank of Baroda15 month fixed rate0.60%£500£500,000FSCS
Punjab National Bank15 month fixed rate0.40%£1,000NoneFSCS

18 Month Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Bank of London and The Middle East (BLME) 18 month fixed rate1.55%

£25,000
£2,000,000
FSCS

Close Brothers Savings18 month fixed rate 1.10%£50,000£1,000,000FSCS
Metro Bank18 month fixed rate1.00%£10,000£2,000,000FSCS
Investec 18 month fixed term deposit 0.65%£25,000NoneFSCS
Bank of Baroda18 month fixed rate0.60%£500£500,000FSCS
Punjab National Bank18 month fixed rate0.40%£1,000NoneFSCS

20 Month Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
 

Need help choosing the right account? Our advisers are here to help, call one of the team on 0115 933 8433 or click here to complete an online enquiry form

2 Year Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Bank of London and The Middle East (BLME) 2 year fixed rate1.65%
£25,000
None
FSCS

Close Brothers Savings2 year fixed rate1.15%£50,000£1,000,000FSCS
Julian Hodge Bank2 year fixed rate deposit accountAnnual interest: 1.10%

Monthly interest: 1.09%
£1,000£1,000,000FSCS
State Bank of IndiaHi Return Fixed Deposit - 2 years1.00%£1,000£500,000FSCS
Bank of Baroda24 month fixed rate0.90%£500£500,000FSCS
Investec 2 year fixed term deposit account0.80%£25,000NoneFSCS
Cater Allen 24 month fixed term deposit 0.80% £50,000NoneFSCS
Punjab National Bank2 year fixed rate 0.70% £1,000NoneFSCS

3 Year Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Bank of London and The Middle East (BLME) 3 year fixed rate1.75%
£25,000
None
FSCS

Close Brothers Savings3 year fixed rate1.35%£50,000£1,000,000FSCS
Julian Hodge Bank3 year fixed rate deposit accountAnnual interest: 1.30%

Monthly interest: 1.29%
£1,000£1,000,000FSCS
State Bank of India 3 year fixed rate1.25%£1,000£5,000,000FSCS
Metro Bank3 year fixed rate1.20%£10,000£2,000,000FSCS
Bank of Baroda36 month fixed rate1.00%£500£500,000FSCS
Cater Allen36 month fixed term deposit1.00%£50,000NoneFSCS
Investec3 year fixed term deposit account0.95%£25,000NoneFSCS
Punjab National Bank3 year fixed rate0.90%£1,000NoneFSCS
Scottish Widows3 year fixed term0.80%£10,000£5,000,000FSCS

Will your SIPP allow access to all SIPP accounts? Our advisers are here to help, call one of the team on 0115 933 8433 or click here to complete an online enquiry form

4 Year Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Bank of London and The Middle East (BLME) 4 year fixed term2.00%
£25,000
None
FSCS

Close Brothers Savings4 year fixed rate1.50%£50,000£1,000,000FSCS
Julian Hodge Bank4 year fixed rate deposit accountAnnual interest: 1.40%

Monthly interest: 1.39%
£1,000£1,000,000FSCS
State Bank of India4 year fixed rate1.25%£25,000£5,000,000FSCs
Investec4 year fixed term deposit account1.10%£25,000NoneFSCS
Bank of Baroda48 month fixed rate1.10%£500£500,000FSCS
Punjab National Bank4 year fixed rate1.10%£1,000NoneFSCS

5 Year Fixed Rate

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
Bank of London and The Middle East (BLME) 5 year fixed term2.25%
£25,000
None
FSCS

Close Brothers Savings5 year fixed rate1.70%£50,000£1,000,000FSCS
Julian Hodge Bank5 year fixed rate deposit accountAnnual interest: 1.50%

Monthly interest: 1.49%
£1,000£1,000,000FSCS
State Bank of India5 year fixed rate1.50%£25,000£5,000,000FSCS
Bank of Baroda60 month fixed rate1.30%£500£500,000FSCS
Punjab National Bank5 year fixed rate1.20%£1,000NoneFSCS
Investec5 year fixed term deposit1.15%£25,000NoneFSCS

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Stepped Rates

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
None available

Misc Accounts

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
None available

Will your SIPP allow access to all SIPP accounts? Our advisers are here to help, call one of the team on 0115 933 8433 or click here to complete an online enquiry form

National Savings & Investments

Institution
Name of accountInterest rate (quoted gross pa)Minimum Balance
Maximum BalanceCompensation scheme (see below)Available SSAS?
Contact details
NS&IIncome Bonds1.00% £500£1,000,000None, but unlimited deposits guaranteed by HM Treasury


Need advice on your SIPP?

Bev Stoves & Sarah McCarthy, Independent Financial Advisers, Investment Sense

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

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Need advice? Meet our team of SIPP advisers

If you are confused by the range of deposit accounts available, or you are unsure whether your current SIPP provider will allow you access to the accounts listed above, our team of SIPP advisers (right) will be happy to help you.

The team are experienced in handling all types of enquiries, especially those concerning SIPP deposit accounts.

Contact them today on 0115 933 8433, or email info@investmentsense.co.uk alternatively complete our online enquiry form by clicking here.

Read our SIPP deposit account articles

A quick overview: SIPP deposit accounts

5 tips for choosing the right deposit account for your SIPP

Do you have a SIPP? Fed up of poor interest rates from SIPP deposit accounts?

Applicable compensation schemes

Click on the links below to find out more about each compensation scheme:

Financial Services Compensation Scheme

Isle of Man’s Depositors’ Compensation Scheme

Guernsey Banking Deposit Compensation Scheme

Deposit Guarantee Scheme (Central Bank of Ireland)

Eligible Liabilities Guarantee Scheme

Availability

The accounts shown above are available for Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSAS) to open. It should be noted that some SIPP or SSAS providers only allow access to a restricted range of deposit accounts. Should you wish to confirm whether an account is allowable then please contact us.

Accuracy

The information shown is accurate at the time of publication, however Investment Sense cannot be held liable for any errors or omissions.

The information shown in no way constitutes advice and is provided for information purposes only.