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Fixed term deposits
Investments may be made into fixed term deposit accounts.
Allowable investment criteria
In order to be deemed acceptable for our SIPPs the account must meet the following criteria:
*Accounts held within the Suffolk Life SIPP (Deed poll) and former protected rights benefits of MasterSIPP plans established before 15 March 2010 are held in the corporate name of Suffolk Life Annuities Limited. Other accounts are held in the name of Suffolk Life Trustees Limited, as trustee.
This criteria is set for a number of reasons, including:
In order to
establish a fixed term deposit account please contact the Cash Management Team on 01473 296 910. Suffolk Life endeavour
to submit new applications within three working days of receipt. These times
are in addition to the bank's own turnaround time.
In order to establish a fixed term deposit account please contact the Cash Management Team on 01473 296 910. Suffolk Life endeavour to submit new applications within three working days of receipt. These times are in addition to the bank's own turnaround time.
Once an instruction has been provided to us, it may not be possible to cancel the instruction. In addition, most term deposit providers do not allow access to funds held in a term deposit until maturity.
It is your responsibility to provide maturity instructions to us and these should be provided to the Cash Movement Team by telephone, fax or post at least one week prior to the bank’s deadline for receipt of maturity instructions.
If instructions are not received two days before maturity, we will automatically mature the account.
Interest rates provided are for indication purposes only and under no circumstances can be guaranteed. Rates may change between you providing your instruction and the account being established.