SIPPs: Interest rates on SIPP deposit accounts fall, what are your options?

As banks come under increasing pressure to reduce mortgage rates, interest rates on SIPP deposit accounts have fallen steadily over the past couple of weeks. We know many investors only hold Cash in their SIPP, the recent rate cuts could therefore cause significant financial pain especially when existing rates mature and the number of competitive accounts are limited. So, if you are a SIPP cash investor, what can you do to improve the return? 1. Fixed rates 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....

9 SIPP mistakes to avoid

Are you thinking of using a SIPP? Perhaps you are already investing in a SIPP. Read on to discover the most common mistakes made by SIPP investors and how to avoid them. 1. Focusing too much on charges In these difficult times we all want things to be as cheap as possible, why pay more than you have to? But when it comes to a SIPP focusing solely on charges is wrong, it shouldn’t even be the first thing you look at; start filtering the vast number of SIPPs by looking at investment flexibility first and then consider charges. For example, if deposit accounts play ...