Happy New Year all.
We can get reasonable interest on fixed rate cash bonds, eg 3.1% for 5
It annoys me, and I think it outrageous that banks and BSs offer lower
rates for cash in ISAs. Any "good" reason, other than they can get
away with it?
I would like to hold cash in some of my SIPPs in fixed rate bonds, eg
the 3.1% for 5 years - but this seems impossible.
I assume the reason why these are not offered is there is little in it
for Hargreaves Landown, Cavendish, III, etc, as these rates will be
very competitive. OK, the ~0.5% SIPP fee would come off, but I could
live with that.
Is there a way of holding cash bonds in a SIPP?
Does any SIPP provider offer this?
The only way I can think of is to buy (relatively short maturity)
Treasuries, but those rates are worse than retail cash bonds.
I'm just trying to make my SIPP portfolio a bit more defensive /
Thanks in advance,
- posted 4 years ago