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Banking information

The banking arrangements for our range of products are described below. Please note the rates shown are the current rates earned on cash deposits, and base rate fluctuations may result in different interest rates being applied.

Please also note the terms of our agreement with Metro Bank involve us undertaking aspects of bank account management, for which we may receive a payment. We do not receive any payments from Lloyds Bank, Bank of Scotland or Royal Bank of Scotland plc.

Last updated: 8 June 2022

Metro bank is our chosen banking partner for the above products, although some clients have accounts Royal Bank of Scotland plc. The current rates of interest paid on cash deposits are as follows:

Product
Bank
Tier
Gross Rate
Options SIPP/Full SIPP
Bank: Metro Bank
Tier: All
Gross Rate: 0.10%
Bank: Royal Bank of Scotland
Tier: All
Gross Rate: 0.01%

The banking arrangements for our closed product ranges are shown below along with the current rate of interest paid on cash deposits:

Product
Bank
Tier
Gross Rate
EBS SIPP/SAPPP
Bank: Bank of Scotland
Tier: £1-£999,999
Gross Rate: 0.60%
Bank: -
Tier: £1,000,000+
Gross Rate: 0.80%
Liberty SIPP
Bank: Royal Bank of Scotland
Tier: All
Gross Rate: 0.01%
Hornbuckle Mitchell
Bank: Bank of Scotland
Tier: All
Gross Rate: 0.55%
Bank: Metro Bank
Tier: All
Gross Rate: 0.30%
Avalon Freedom SIPP
Bank: Lloyds Bank
Tier: All
Gross Rate: 0.00%