Cash administration service

Our clients hold cash for a variety of reasons. Some may have just sold a business or a property. Some need to put money aside for future liabilities. Whatever the reasons, the objectives are the same: competitive yield, good credit quality, accessible when required.

We have developed a flexible discretionary Cash Administration Service to address clients’ differing circumstances. Each cash portfolio is tailored accordingly.

We do all the hard work for you: monitoring the options and ratings, negotiating attractive rates and re-allocating your funds to achieve optimal results.

Our strengths

  • Enhanced returns on cash deposits
  • Removal of the administrative burden of dealing with several institutions
  • Management of credit and liquidity requirements
  • Personal point of contact

Selection of available product rates through our Cash Administration Service as at 2 February 2023.

Cazenove Capital products

  • Terms: 1 month up to 12 months fixed (or longer)
  • All administration carried out by Cazenove Capital in Guernsey
  • Deposit held by Cazenove Capital in Guernsey (Schroders C.I. Limited)
1 month fixed term deposit GBP3.00% gross p.a. / AERInterest on maturity
3 month fixed term deposit GBP3.30% gross p.a. / AERInterest on maturity
6 month fixed term deposit GBP3.50% gross p.a. / AERInterest on maturity
9 month fixed term deposit GBP3.60% gross p.a. / AERInterest on maturity
12 month fixed term deposit GBP3.60% gross p.a. / AERInterest on maturity

Rates are indicative and subject to change at any time without notice

External Counterparty Deposits

  • Minimum cash portfolio: £1,000,000
  • External deposits held at a third party bank in an account in the name of Schroders (C.I.) Limited on behalf of the client
  • Terms: easy access up to 12 months fixed (or longer)
  • Minimum new cash deposit: £100,000
  • Minimum transaction (withdrawal/top-up): £100,00

Best easy access deposit GBP

Variable rateAnnual interestUp to 3.15% gross / AER
Best 3 month term deposit GBPFixed rateInterest on maturity3.98% gross / AER
Best 6 month term deposit GBPFixed rateInterest on maturity4.27% gross / AER
Best 9 month term deposit GBPFixed rateInterest on maturity4.43% gross / AER
Best 12 month term deposit GBPFixed rateInterest on maturity4.51% gross / AER

Rates are indicative, subject to change at any time without notice and subject to availability.


Notes and risk warnings

Cazenove Capital is the trading name in the Channel Islands for Schroders (C.I.) Limited. 

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Cazenove Capital fixed term deposits pay interest on final maturity. Interest on external variable-rated deposits is usually paid annually, however other payment frequencies may apply.

Differing terms and conditions apply to any external bank products.

In order to access funds from a notice deposit held, the full notice period must be served, as stipulated in the product’s terms and conditions. Early access to funds with penalty is not permitted.

It may take up to 48 hours for clients with easy access funds to be repaid.

Partial withdrawals and/or closures may be subject to external banks’ transaction charges.

The credit risk of a Cash Administration Service counterparty is not guaranteed by Cazenove Capital. We actively monitor external counterparties’ credit ratings, which may change without notice.

Deposits placed in the Cash Administration Service are not covered by the Guernsey Banking Deposit Compensation Scheme.  Where we place money with Approved Banks outside of Guernsey you acknowledge that the applicable legal and regulatory regime will be different to that in Guernsey.  In particular, in the event of a default or insolvency of the Approved Bank, your money may be treated differently and your rights may be reduced.

Schroders (C.I.) Limited. Registered Office at Regency Court, Glategny Esplanade, St Peter Port, Guernsey GY1 3UF, Channel Islands. Registered number 24546 Guernsey. Schroders (C.I.) Limited is incorporated in Guernsey and licensed under The Banking Supervision (Bailiwick of Guernsey) Law 1994 and The Protection of Investors (Bailiwick of Guernsey) Law 1987.

The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested.