The high interest account for an organisations' pension funds
Pension Fund Deposit Account Interest Rates
The Pension Fund Deposit Account is designed to work efficiently alongside your existing pension fund current account as a high interest deposit facility while reducing your exposure to money market interest rate fluctuations.
The interest rate is guaranteed to be no less than 0.25% below Scottish Widows Bank Base Rate until 31 December 2012
| Minimum Balance | £500 | |||
| Minimum Withdrawal | £100 | |||
| Interest Rate (annual rate) | 2.50% gross/AER | |||
| Scottish Widows Bank Base Rate | Currently 2.00% | |||
| Previous Base Rate to 11th December 2008 | 3.00% | |||
| Balances | Gross Interest Rate | Annual Equivalent Rate |
|---|---|---|
| £500+ | 2.50% | 2.50% |
Interest rates are variable.
Interest Payment Periods
Interest Payment/Statements issued Monthly†/Quarterly/Annual
†On request for balances in excess of £50,000.
Interest rate when compounded will equal the annual rate.
