What's the interest rate payable on the ARC and One Retirement cash facility?Fri Aug 03 13:58:00 BST 2018
All product wrappers from Aegon Retirement Choices (ARC) and One Retirement have their own cash facility. Having a separate cash facility helps make it easy to keep track of any outgoings and incoming payments under each wrapper.
- Cash held within the cash facility of any product wrapper attracts interest at a gross rate of Bank of England base rate less 0.05%.
- We'll calculate interest on a daily basis and we'll pay any interest due monthly into your cash facility after deduction of basic rate tax where applicable.
- We'll apply any base rate changes within one working day.