Cash Management Service
Selection of indicative rates available through our Cash Management Service for balances of £1 million plus
As at 17/11/08
| Product Type | AER net of our charges** |
| Schroders Private Banking Money Market Deposit for 1 month | 3.13% |
| Banks/Building Societies (rated AA- and above): | |
| Best Instant Access Account (monthly interest) | 6.14% |
| Best Instant Access Account (annual interest) | 6.16% |
| Best Fixed Rate Deposit – 3 month | 3.94% |
| Best Fixed Rate Deposit – 1 month | 3.44% |
*All rates are quoted net of margins and are subject to change without notice.
For Bank/Building Society Deposits, 5% of the total will be held on a Non Interest
Bearing Account.
Notes:
Bank/Building Societies
For deposits with offshore Banks/Building Societies interest will be paid gross. For deposits with UK Banks/Building Societies interest will be paid net of savings rate tax (20%). Interest is normally paid annually, however other payment cycles may apply. It may take up to 48 hours for S&Co to repay clients with instant access funds.
Insurance Companies
Rates shown are the grossed up equivalent rate to a higher rate tax payer, net of charges, details of which are available on request. Withdrawals from the insurance products could be subject to a deferral of up to 3 months in highly exceptional circumstances. Available to Private Individuals and Trusts with details of all valid trustees and Lives Assured.