Term Deposit Account
Our sterling Term Deposit Accounts are designed to provide SIPP and SSAS schemes administered by Pension Administrators with a fixed interest rate on funds of £50,000 or over. They can be deposited for an agreed term of between 3 months and 36 months, with an interest rate which is fixed on the day of deposit.
Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of Cater Allen Limited. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.