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Fixed Term Deposits for existing SIPP holders

Our Fixed Term Deposits are provided by Close Brothers Savings and are ideal for those seeking the safety and simplicity of fixed returns on long-term cash savings.

Reinvesting in a Fixed Term Deposit

Our Fixed Term Deposits are provided by Close Brothers Savings and are ideal for those seeking the safety and simplicity of fixed returns on long-term cash savings.

Choose to invest between 1 and 5 years into either an income or growth product to suit you. The minimum deposit is £10,000 and there is no charge to hold a deposit on our platform. These products are a limited offer, subject to availability and may be withdrawn at any time without prior notice.

Online fixed term deposits are currently unavailable, however, existing SIPP holders are still able to reinvest by completing and returning the following application form to us.

Important - by completing this form and accepting the terms and conditions below, you will be opening your new deposit directly with Close Brothers Savings. 

Once purchased, we will still make your deposit available to view on your online portal.

Download the Fixed Term Deposit postal application form

Close Brothers Savings postal rates

Deposit Term Deposit Type Rate
1 year Income 1.91%
2 year Income & Growth 2.20%
3 year Income & Growth 2.30%
5 year Income & Growth 2.50%

These products are a limited offer, subject to availability and may be withdrawn at any time without prior notice. 

Historic Fixed Term Deposit rates

  • 17 Jul 19
  • 0.63MB
  • PDF

Download the historic rates for deposits via Close Brothers Asset Management

Download

Cash interest rate

The gross interest rate on any cash held (excluding fixed rates on FTDs and excluding any cash held within the 'other assets' section of your portfolio) will be calculated as the daily Bank of England base rate minus 0.4%, subject to a minimum of 0%.

Why choose a Close Savings Fixed Term Deposit?

Choice

Choose to invest between 1, 2, 3 or 5 years into either an income or growth product to suit you

If you invest in an income Fixed Term Deposit, interest is accrued and capitalised annually

For growth products, annual interest payments are added to the principal deposit amount but paid back into your SIPP at the end of the term

Pricing

There is no charge to hold a Fixed Term Deposit on our platform

Save from a minimum of £10,000 to a maximum of £1 million per deposit

With competitive interest rates, your deposits are covered by the Financial Services Compensation Scheme (FSCS) up to the depositor protection limit

Maturity options

At maturity, the deposit and any accumulated interest will be paid into your product cash account.

You can then choose to:

reinvest into another Fixed Term Deposit

invest in other instruments on the Self-Directed service

Members of the FSCS

Your eligible deposits with Close Brothers Limited (and the associated trading styles of Close Brothers Treasury and Close Brothers Savings) are protected up to a total of £85,000 by the Financial Services Compensation Scheme ('FSCS'), the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Close Brothers Savings and Close Brothers Treasury. Any total deposits you hold above the £85,000 limit between these brands are not covered.

More information can be found here

Please be aware, the value of investments can fall as well as rise and that past performance is not a reliable indicator of future returns and you could get back less than invested. Click here to understand the risks associated with investing.

If you are accessing our services and products or website from outside the UK, please note that these are intended for UK investors. For more information, please refer to the Legal centre.

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