Pension Fund Cheque Account

Easy management of your pension fund cash

• Attractive interest rates
• Commission payments to Regulated Introducers* and pension professionals
• Normal account transactions are free of charge
• Easy administration of your clients' pension fund bank account
• Named, dedicated Relationship Manager available

Easy management

This account eases the management of your clients' pension fund cash. There's streamlined documentation and a quality service backed up by a dedicated team of Relationship Managers who understand your clients' specific requirements.

The account offers consistently high interest rates paid monthly or annually. See current rates below.

Immediate access

Your clients get immediate access to their funds without penalty. Standard transactions are free of charge. We issue a chequebook and duplicate statements free of charge. Standing order and Direct Debits are available as is the full range of payment options: chequebook, CHAPS and BACS. There's easy pay-in for funds by way of freepost envelopes and pre-printed bank giro.

Commission Payable to Professional Intermediaries

The equivalent of 0.10% per annum is calculated and accrued daily on the end of day balance.

Eligibility

Professionals managing HMRC approved pension fund schemes, including SSAS, SIPPs and Group Schemes.

Interest Rates

For more information see the Product Prices PDF

Interest is calculated daily on the cleared balance and is paid into the account on the last business day of each month. It is possible to have interest paid annually.

AER and gross interest rates are defined in our Important Information section.

Other important information regarding can be found in the About your Account brochure.

Further information

For details of our Pension Fund Cheque Account and any other finance relating to your pension fund, please call 0131 658 4607.

*Regulated Introducers are members of the Bank of Scotland's Introducer Panel.