Solutions for Pensions
Reserve Account for Pensions
An instant access bank account designed to hold SIPP and SSAS schemes cash funds with a minimum account opening balance of £5,000 Available to be held in sterling with instant transfers between linked accounts and up to 30 day-to-day transactions* per calendar month without incurring a transaction fee.
*Day to day transactions on this account are: cheque withdrawals; cash machine withdrawals; cash withdrawals over-the-counter; Visa Deferred-Debit Card purchases including recurring transactions; Standing Orders, Direct Debits; bill payments and electronic payments.
- Term Deposit Account
Our sterling Term Deposit Accounts are designed to provide SIPP and SSAS schemes administered by Pension Administrators with a fixed interest rate on funds of £50,000 or over. They can be deposited for an agreed term of between 3 months and 36 months, with an interest rate which is fixed on the day of deposit.
Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of Compass Bank Limited. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.
Notice of Variation to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions
We are making some changes to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions, which will come into effect on 01 January 2016. Please view details for further information.