New fixed-term deposit account options for our SSASs

Published by Andy Leggett on

We are delighted to announce that we have added six new fixed term deposit accounts from Close Brothers to our list of pre-approved banking arrangements for Barnett Waddingham Small Self-Administered Schemes (SSASs).

The accounts are provided by Close Brothers, a new addition to our list, and offer very competitive current rates. 

Known as Sapphire SSAS fixed term deposit accounts, their terms range from 12 months to 5 years with a minimum deposit of £100,000 and no early withdrawals. For further details, including the other pre-approved banking arrangements, their rates and how to apply, please contact your usual Barnett Waddingham consultant directly or use our enquiry form.

Close Brothers are the fifth institution to join our list of pre-approved accounts and this is significant following recent changes to the Financial Services Compensation Scheme (FSCS). To ensure the best cover available under the FSCS, it is important that members consider the amount of cash they hold with any one institution, taking account of funds they may hold in other tax wrappers or personally. You can read more about the changes here.