The banking arrangements for our range of products are described below. 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.
Metro bank is our chosen banking partner for the above products, although some clients have accounts with 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 | Metro Bank | All | 1.20% |
| Options SIPP/Full SIPP | Royal Bank of Scotland | All | 1.90% |
The banking arrangements for our closed product range are shown below along with the current rate of interest paid on cash deposits:
| Product | Bank | Tier | Gross rate |
| EBS SIPP/SAPPP | Bank of Scotland | All | 1.90% |
| Liberty SIPP | Royal Bank of Scotland | All | 1.90% |
| Hornbuckle Mitchell | Bank of Scotland | All | 1.90% |
| Hornbuckle Mitchell | Barclays Bank | All | 0.00% |
| Freedom SIPP | Lloyds Bank | All | 0.00% |
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