Bank Interest - Default SIPP Bank Accounts
The level of interest that your default SIPP bank account earns will be determined by the bank account provider detailed below. Providers will offer the rate as they determine, unless specified otherwise. We will update and disclose these figures at the end of each calendar quarter. Interest will be paid in arrears, directly to your default SIPP bank account.
Barclays Bank
| Interest Rate % Per Annum |
| 2.00% |
Cater Allen Private Bank
| Interest Rate % Per Annum | |
| Up to £499,999 | Over £500,000 |
| 1.44% | 1.54% |
Metro Bank
| Interest Rate % Per Annum |
| 0.95% |
Bank of Scotland
| Interest Rate % Per Annum |
| 1.00% |
Please note: Barclays Bank is Dentons default bank for our SIPP business. As part of the service, a proportion of customers’ cash is placed on deposit with other carefully selected banks in order to earn a competitive rate of interest, to provide diversification and also to achieve greater FSCS protection. A blended rate of interest is payable each quarter, net of operating costs, and we retain a percentage of the interest to keep our administration costs as low as possible. For further details, please refer to your Terms of Business documentation or contact your dedicated Pension Administrator.
Page last updated: March 2025