Scottish Widows Bank

Scottish Widows Bank PLC

Phone: +44 0845 767 8910

Pension Fund Deposit Account 2

The Pension Fund Deposit Account 2 is a deposit account which operates alongside your existing pension fund current account. It is designed specifically to hold the cash element of pension funds, and is available to pension fund trustees only.
Interest Rate
0.40% AER
Minimum Balance
Operates as a telephone or postal account, linked to your existing pension fund current account
Telephone access from 8am until 6pm weekdays (from 10am Wednesdays)

You must instruct us to do so by telephone or post.
The minimum withdrawal is £100.
Transfers will be made free of charge and funds will reach your nominated account by the end of the following business day.
Same day transfers by CHAPS on the day of instruction can be arranged — if the instruction is received by 2pm — and subject to an administration charge to cover our costs.


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