An interest account for an organisations' pension funds
The Pension Fund Deposit Account is a deposit account which operates alongside your existing pension fund current account. It is designed specifically to hold the cash element of pension funds, and is available to pension fund trustees only.
Here’s a brief summary of just some of the account’s benefits:
- The interest rate will be no less than 0.25% below the Bank of England Base Rate until 31 December 2012.
- Operates as a telephone or postal account, linked to your existing pension fund current account
- Telephone access from 8am until 6pm weekdays (from 10am Wednesdays)
