Cash Management Service
Selection of indicative rates available through our Cash Management Service for balances of £1 million plus as at 12/12/2011
| Product Type | AER* net of our charges** |
|---|
| Schroders Private Banking Money Market Deposit for 1 month | 0.56% |
| Approved Banks/Building Societies: | |
| Best 7 Day Notice Account (annual interest) | 1.85% |
| Best Fixed Rate Deposit – 12 months | 3.06% |
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
**All rates are quoted net of margins and are subject to change without notice. For Bank/Building Society Deposits, the above rates assume that 10% of the total will be held on a Non Interest Bearing Account.
Notes and risk warnings:
For deposits with offshore banks/building societies interest will be paid gross. For deposits with UK banks/building societies interest may 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 clients with instant access funds to be repaid.
The credit risk of a Cash Management Service counterparty rests with the client and is not guaranteed by Schroders Private Banking. We actively monitor their credit ratings, which may change without notice. Offshore deposits are governed by different regulations and will not benefit from the UK financial services compensation scheme.