SIPP deposit accounts: New entries, climbers and fallers November 2012

Any hope that the recent falls in interest rates on SIPP deposit accounts were coming to an end in October, have been well and truly dashed in November, with rate cuts and product withdrawals continuing apace. The main reason behind the continuing rate cuts appears to still be the Funding for Lending Scheme (FLS), which is offering a cheaper source of finance to banks and building societies; although we are seeing more institutions confirm that their own funding position is strong, meaning they require less money from depositors. New entrie...

SIPP deposit accounts: New entries, climbers and fallers October 2012

The downward trend in SIPP deposit account interest rates has continued into October, although, for once, there is the odd glimmer of hope that the bottom may have been reached. New entries Unfortunately, no new banks or building societies have entered the SIPP deposit account market this month, indeed we have lost some accounts, including the popular one and two year fixed rates from the Ipswich Building Society. Need advice on your SIPP?...

SIPPs: Investment Sense extends its SIPP deposit account best buy table

Our popular SIPP deposit account best buy table has been extended to include even more banks, with over accounts 100 now shown, all available for SIPPs. The latest update has seen SIPP deposit accounts from the Co-operative Bank, Punjab National Bank, and Bank of Baroda added to the list, extending the choice for SIPP investors. All four newly added banks are members of the UK Financial Services Compensation Scheme (FSCS) providing protection for investors, up to £85,000, in the event of a default....