Despite interest rates remaining stubbornly low, many SIPP investors still like to hold significant amounts of cash on deposit.
We are regularly asked why rates on SIPP deposit accounts are lower than for personal savers. We thought we’d look into this in more detail and ask “are SIPP cash investors second class savers, or is this a myth?”
Mandated SIPP bank accounts
The first problem SIPP investors have to solve is how to get the best possible interest rate from any short term cash ...