SIPPs: Cash deposit for SIPPs rates slashed again

Banks and building societies have again this week taken an axe to fixed rate cash deposit interest rates that can be accessed by SIPPs (Self Invested Personal Pension) investors. SIPP deposit rates slashed Scottish Widows Bank have slashed their three year Pension Deposit Account from 3% to just 2% for annual interest, or 1.98% if you take interest monthly, and now only have this one fixed rate available for pension savers. Investec, who has continually offered attractive rates during 2012, has cut current interest rates by up to 1% on all their fixed rate products, with their long term, five year fixed rate, ...