Fixed Term Cash Deposits aim to provide an alternative to cash funds and the Control Account for clients who are risk-averse or who wish to avoid short term market volatility.
Each Fixed Term Cash Deposit will be available for investment during its 'offer period' and will offer a fixed rate of interest, payable at the end of each term. No interest is paid on amounts withdrawn earlier.
The term and interest rate will be agreed in advance.
The Fixed Term Cash Deposit features
- No minimum investment or maximum investment amount
- No additional provider charge for taking out a Fixed Term Cash Deposit through the Retirement Account
- Partial withdrawals are available†
- Paper-free access: no further paperwork to complete once the Retirement Account is set up.
†No interest will be paid on amounts withdrawn before the Investment End Date.
More information
More information on the Fixed Term Cash Deposit.
