SSAS: Deposit accounts for SSASs, what are your options?

iStock_000015874214_ExtraSmallThe Investment Sense website publishes the only in-depth best buy table for SIPP deposit accounts, but what are your options if you have a Small-Self Administered Scheme or SSAS for short? SSASs have had a resurgence over the past couple of years and with stock markets increasingly volatile we are getting more and more enquiries about the Cash options available. You’d be forgiven for thinking that if a bank or building society offers deposit accounts for SIPPs, then they will accept ...

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...

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, ...

SIPP deposit accounts: New entries, climbers and fallers – September 2012

Unfortunately the downward trend in SIPP deposit account interest rates has continued into September. The introduction of the Funding for Lending Scheme, falling swap rates and the desire of lenders to offer cheaper mortgage deals have all conspired to push interest rates down; our latest blog looks at this in more detail, read it by clicking here. There are however two notable new entries this month, read on to find out who. New entries Need advice on your SIPP?...