Leeds Building Society offers new deposit account for SIPPs

Leeds Building Society launch three new deposit accounts for SIPPsThe Leeds Building Society has entered the SIPP deposit account market with three new accounts designed specifically for SIPPs. Traditionally there have always been fewer accounts available for SIPPs than for individuals; the new deposit accounts offered by the Leeds Building Society should therefore go some way to increasing competition. Three new deposit accounts for SIPPs The new launches by the Leeds Building Society include an instant access account plus a one and two year ...

The frustration of poor interest rates on SIPP Cash investments by Sarah McCarthy

Sarah McCarthy SIPP specialistWe all know SIPPs can invest in a wide range of assets, from shares to funds, commercial property to gilts. In addition, just like individuals SIPPs can also invest in deposit accounts. Some argue that a SIPP should not invest in cash or deposit accounts, I’ll leave that argument for another day; however the fact remains some investors, for whatever reason want their SIPP to invest in Cash So how do SIPP deposit rates compare to ‘personal’ savings accounts? The table below compares the best rates we can ...