Cash Management Service
Selection of indicative rates available through our Cash Management Service for balances of £1 million plus
As at 23/12/08
| Product Type | AER net of our charges** |
| Schroders Private Banking Money Market Deposit for 1 month | 1.90% |
| Banks/Building Societies (rated AA- and above): | |
| Best Instant Access Account (annual interest) | 3.14% |
| Best Fixed Rate Deposit – 6 Month | 2.92% |
| Best Fixed Rate Deposit – 3 month | 2.78% |
| Best Fixed Rate Deposit – 1 month | 2.34% |
*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 and risk warnings:
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 clients with instant access funds to be repaid.
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 three months
in highly exceptional circumstances. There is a risk that the value may fall
due to adverse market conditions. Only available to private individuals.
AER stands for Annual Equivalent Rate and illustrates what the interest rate
would be if interest was paid and compounded once each year.
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/policies
are governed by different regulations and will not benefit from the UK financial
services compensation scheme.