Cash Administration Service
Selection of available product rates through our Cash Administration Service as at 8 April 2024.
Cazenove Capital (CC) products
- Terms: 1 month up to 12 months fixed (or longer)
- All administration carried out by CC in London
- Deposit held by CC in the UK (Schroder & Co. Limited)
- CC deposits in the UK are covered by the UK Financial Services Compensation Scheme (FSCS), up to £85,000. For a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (i.e. a total of £170,000). The £85,000 limit relates to the
combined
amount in all the eligible depositors’ accounts with CC, including their share of any joint account, and not to each separate account.
3 month fixed term deposit GBP | 4.55% gross p.a. / AER | Interest on maturity |
6 month fixed term deposit GBP | 4.40% gross p.a. / AER | Interest on maturity |
9 month fixed term deposit GBP | 4.35% gross p.a. / AER | Interest on maturity |
12 month fixed term deposit GBP | 4.30% gross p.a. / AER | Interest on maturity |
Rates are indicative and subject to change at any time, without notice.
External Deposits - Designated Client Account Service (DCA)
- Minimum cash portfolio: £1,000,000
- External deposits held at a third party bank in an account in the name of Schroder & Co. Limited on behalf of the client
- Terms: easy access up to 30 calendar days’ notice maximum
- Minimum new cash deposit: £100,000
- Minimum transaction (withdrawal/top-up): £100,000
- All administration carried out by CC in London
- Deposits at non-UK banks are not covered by the FSCS
Best easy access account GBP | Variable rate | Quarterly interest | 5.00% gross / AER |
Best 30 day notice account GBP | Variable rate | Annual interest | 5.20% gross / AER |
Best money market fund GBP | 7 day net yield | 5.23% |
Rates are indicative, subject to change at any time without notice and are subject to availability.
External Deposits - Third Party Authority Service (TPA)
- Minimum cash portfolio: £3,000,000
- External deposits held at a third party bank in an account in the client’s own name
- Terms: notice accounts and fixed term deposits greater than 30 calendar days’ notice
- Form preparation and collation of due diligence carried out by CC as far as possible on behalf of the client
- Client required to sign a Third Party Authority form and counterparty’s application. Additional due diligence may be required. All subsequent administration carried out by CC
- Deposits at non-UK banks are not covered by the FSCS
Best 3 month term deposit GBP | Fixed rate | Interest on maturity | 5.18% gross / AER |
Best 6 month term deposit GBP | Fixed rate | Interest on maturity | 5.14% gross / AER |
Best 9 month term deposit GBP | Fixed rate | Interest on maturity | 5.10% gross / AER |
Best 12 month term deposit GBP | Fixed rate | Interest on maturity | 5.06% 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 UK for Schroder & Co. Limited.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
For deposits with both UK and offshore banks, interest will be paid gross.
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 in the TPA Service, 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.