• Invest in fixed term deposits Fixed term deposits could be a good option if your client needs a consistent return after a set period of time. If your client has an Elevate Pension Investment Account, they can invest in a range of fixed term deposits.
  • How it works
    • Your client invests in a fixed term deposit with a trusted provider
    • By investing for a certain amount of time, they benefit from a specified rate of interest
    • The interest rate and term are fixed at the start
    • Your client needs to keep their money invested until the end of the term.

    There's more about fixed term deposits in our terms and conditions.


    Download terms and condition of the Elevate Pension Investment Account

  • Here are the latest rates and terms available:

    Fixed Term  Gross Interest Rate (AER)  Minimum Investment  Maximum Investment 
    Download Cater Allen's Terms & Conditions
    3 months 0.300%

    £10,000

    No maximum

    6 months 0.400%
    9 months 0.500%
    12 months 0.700%
    24 months 0.800%
    36 months 1.000%

    The above table was updated 3 January 2017

    This information is from Cater Allen – Elevate isn’t responsible for its accuracy. 
    By sharing this information, we aren’t necessarily recommending this particular provider.

  • Fixed term deposits in more detail
    Interest rates

    The interest rates shown in the table are Gross Annual Equivalent Rate (AER). This shows what the interest rate would be if interest was paid and compounded each year.

    These rates are indicative – we’ll show the actual rate on your client’s Contract Note.

    Remember, these interest rates don’t take account of any Elevate charges. These charges will of course reduce the overall value of your client’s investment and inflation will reduce the purchasing power of these funds over time. The interest rate is fixed at the start of the investment date and is set by the fixed term deposit provider.

    Tax status
    Orders
    Withdrawals
    Availability
    Compensation
  • If you're still not sure whether they're right for your client, please get in touch - we'd be happy to help.