What's the interest rate payable on the ARC and One Retirement cash facility?15 August 2019
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.
- We don't keep any bank account interest.