Deposit Accounts
Deposit Accounts
Deposits are traditionally offered by banks and building societies and are designed to protect your money while offering you a fixed or variable interest rate that can be paid either on an annual or monthly basis.
Deposit accounts offer a safer place for people to place their savings and provide access to their money at short notice and usually without penalty. They are one of the safest forms of investment; however the buying power of your money could be eroded by the effects of inflation or a drop in the Bank of England base rate - something often seen in more recent times.
Benefits
- Low risk
- High level of security
- Capital Guarantee
- Transparent
Taxation
- Interest subject to income tax at marginal rate
Asset Classes
Find out which asset class is most suitable for you: Cash, Equities, Property or Bonds
Click on the following links for more explanation on:
To find out more about any of
the services we’ve mentioned
simply:
- Contact your SFS Financial Adviser
- Call a member of our Client
Help Line on 0800 137 832 - Visit your local Skipton
Building Society branch to
arrange an appointment with
an SFS Adviser
Assess how much money you need to save to reach future savings targets.
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