Interest rate on the cash deposit

If you hold the cash deposit within your ISA or Collective Investment Account (CIA), interest will be calculated daily on the cash balance within your account and paid daily at a rate set by us. The rate will be set at the beginning of each calendar month and will remain in force for the remainder of that month.

The rate of interest from 1 August 2010 is 0.10% each year before tax.

Please refer to the product literature for an explanation of how tax deductions apply to the cash deposit facility.

The historic rates of interest are as follows:

April 2009 to July 2010: 0.10% each year before tax
March 2009: 0.60% each year before tax
February 2009: 1.10% each year before tax
January 2009: 1.60% each year before tax
December 2008: 2.60% each year before tax
November 2008: 4.10% each year before tax
October 2008: 4.60% each year before tax
June 2008 to September 2008: 2% each year before tax
April 2008 to May 2008: 2.25% each year before tax
February 2008 to March 2008: 2.50% each year before tax
September 2007 to January 2008: 2.75% each year before tax
August 2007: 2.50% each year before tax

 

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Information on this website is not intended for Hong Kong residents. Information on this website about Skandia Group Companies is intended for UK residents only, unless it relates to Royal Skandia, Skandia Life Norge or Suomen Sivuliike. Skandia Group companies do not offer investment advice and no information on this website should be construed as such.

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