Best cash savings interest rates for a SIPP?

Johnny_Doe

Good evening,

I currently have a moderate amount of cash savings in a vanguard sipp earning 1.6% ish. Are there other sipps that can beat this rate? I understand the fees/charges maybe more..

Many Thanks

Albermarle

Most SIPP's pay less than Vanguard.
A temporary haven for cash — MoneySavingExpert Forum

Johnny_Doe

Thanks albermarle, it seems to be almost impossible finding sipp cash interest rates online!? 

I'm trying to pluck up the courage to invest more of the cash into index funds (mainly s&p/world index funds), but worried about the short term volatility.  If only we knew where the bottom of this US bear market was, will it decline further to 30 or even 40%? When will the market get to a point which is considered "cheap" and when will it recover?

I also thought bonds were supposed to be relatively risk free. (Until now). 

Sorry to go off topic!

Bravepants

Close Brothers Savings offer savings bonds for their SIPPs administered by Close Brothers Asset Management.

This is the only one they are offering at the moment:

https://www.closesavings.co.uk/personal/pensions/sipp-fixed-rate-bond

I don't think it is wise to take them up on it at the moment though!

GSP

Seems I just started another thread for this subject so apologies.

Albermarle

Johnny_Doe said:

Thanks albermarle, it seems to be almost impossible finding sipp cash interest rates online!? 

I'm trying to pluck up the courage to invest more of the cash into index funds (mainly s&p/world index funds), but worried about the short term volatility.  If only we knew where the bottom of this US bear market was, will it decline further to 30 or even 40%? When will the market get to a point which is considered "cheap" and when will it recover?

I also thought bonds were supposed to be relatively risk free. (Until now). 

Sorry to go off topic!

If you are investing for the long term ( which is what is usually advised), then short term volatility should not be a big concern. Clearly going 'all in' now would need a strong nerve, but some monthly drip feeding should be less stressful and should bring a good result eventually.

[Deleted User]

As far as I am concerned, tax sheltered investments are not for cash.  Not unless you want to subsidize the brokerages.

Its a good time to be fully invested in stocks and bonds. Stocks are far cheaper than on Jan 1st.  A massive sale is on.  Bonds are (finally) giving us a mathematical chance of gaining in real terms.  That’s a positive change.  Last year I really  struggled to find home for my FI allocation.  Now its easy.  

caveman8006

This is a pretty comprehensive list of eligible SIPP deposit rates

https://!!!!!!.uk/accounts-for-pensions/

To access them, you may have to have a flexible SIPP provider who lets you access the whole market (like the Minerva SIPP from Investacc) 

Easyjet77

The current rate of interest paid in vanguard's pension and ISA is 2.25% gross . The net figure paid is 1.85%.  The deduction is as follows 0.05 HSBC...0.20 vanguard ...0.15 account fee . Confirmed by phone call and secure message with vanguard. Regards

PS I am not a newbie, I've misplaced my usual log in info!

MallyGirl

caveman8006 said:

This is a pretty comprehensive list of eligible SIPP deposit rates

https://!!!!!!.uk/accounts-for-pensions/

To access them, you may have to have a flexible SIPP provider who lets you access the whole market (like the Minerva SIPP from Investacc) 

intrigued by what the banned word might be

mcc100

investmentsense 

No idea why it's banned.