Cash Deposits

The annual rate of interest earned on Transact pooled cash deposits for May 2023 was 4.0058% and this has been credited to client portfolios. Clients who want to access a fixed term deposit can do this via their Transact portfolio.

A term deposit can be held in all Transact wrappers (with a maximum term of 12 months for insured wrappers). Details of a range of fixed term deposits from Aldermore and Investec, as below, can be found on TOL. Go to: Information > Information and Assets > Term Deposits.

Further details on term deposits are provided in the user guide hosted on TOL. Please note that the rates shown are indicative. In the event of the bank provider changing the rate before the deposit date, we will communicate this to clients after the change has been confirmed. If the rate is still indicative, this will be updated as soon as possible and the new rate will be shown on TOL.

1. Introduction
2. Transact Online (TOL) – Recent Enhancements
3. The Year of the Transfer
4. Consumer Duty & Cash Interest
5. How to Make Your Business as Fit as a Fiddle
6. Share Class Conversion
7. Transact- BlackRock MPS Update
8. Adviser Succession Planning
9. Strategy Changes for Pension Planning Following the Budget
10. Fund Changes
11. Interest on Cash Deposits
12. Transact Events 2023