Sapphire SSAS deposits

Earn competitive rates of return on fixed term deposits as part of your SSAS portfolio.

With our credit ratings and strong financial position you can depend on us with your SSAS cash deposits.

Sapphire SSAS fixed term deposits

SSAS is a Small Self-Administered Scheme.

SSAS is an occupational pension arrangement between business owners, directors or key personnel. Please note, you must hold a SSAS to be eligible for our Sapphire SSAS deposit products.

As part of a SSAS portfolio, cash deposits can provide a greater degree of certainty when compared to returns on other asset classes e.g. stocks and shares.

Please note, deposits for SSAS accounts must be from HMRC approved SSAS schemes. Close Brothers Savings will only accept deposits and documentation from a SSAS administrator or Trustee regulated by The Pensions Regulator.


Sapphire SSAS fixed term deposits

9 Month 1 Year 18 Month 2 Year 3 Year 4 Year 5 Year
Gross / AER*
Gross / AER*
Gross / AER*
Gross / AER*
Gross / AER*
Gross / AER*
Gross / AER*

These products are a limited offer, subject to availability and may be withdrawn at any time without prior notice.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and added each year. The gross rate of interest is the rate payable before the deduction of tax at the rate agreed by law.


Sapphire SSAS

Summary box

To comply with regulations issued by the Financial Conduct Authority (FCA), we are required to show a cash illustration based on a £1,000 deposit amount. This is for illustration purposes only, the minimum deposit on this product is £100,000. To calculate the interest you will receive based on your specific deposit amount, please select the Personal illustration tab.

What is the interest rate?

Please note, accrued interest is paid annually and at maturity to the nominated bank account.

Product term Annual Equivalent Rate (AER)* Example amount Estimated balance after 12 months
9 months 0.65% £1,000.00 £1,006.50
1 year 1.35% £1,000.00 £1,013.50
18 months 1.40% £1,000.00 £1,014.00
2 years 1.50% £1,000.00 £1,015.00
3 years 1.55% £1,000.00 £1,015.50
4 years 1.65% £1,000.00 £1,016.50
5 years 1.90% £1,000.00 £1,019.00

* Annual Equivalent Rate illustrates what the interest rate would be if interest were paid and added each year.

Customer deposit interest calculator

How much would you like to deposit?


Select the applicable product term

How the product works

How the account works

1. Your funds are deposited into the Sapphire SSAS fixed term deposit account at the advertised rate on the date the application is received

How the account works

2. Your funds are fixed for the agreed term, with interest paid annually (excluding 9 month term) and at maturity (all terms) to your nominated SSAS bank account

How the account works

3. At maturity, we will contact the Scheme Administrator(s) / Trustee(s) giving notification of the options available at that time

What you need to know

  • We will only accept instructions on the account from the SSAS Administrator(s) / Trustee(s)
  • Choose from a 9 month, 1 year, 18 month, 2 year, 3 year, 4 year and/or 5 year fixed term deposit
  • Save from £100,000 to £5,000,000 per term
  • Interest is calculated daily and paid annually (excluding 9 month term) and at maturity (all terms)
  • No early withdrawals allowed

If you have a query about our Sapphire SSAS fixed term deposits, please call us on 020 3857 3060.



  • Total amount deposited must be received by us in one single payment by electronic transfer or cheque
  • No interest rate tierings
  • Each individual SSAS Member is protected by the Financial Services Compensation Scheme (SSAS) for eligible deposits up to £85,000
  • These products are a limited offer, subject to availability

Apply now



 Read our General Terms and Conditions and Privacy Policy



 Download, fully complete and sign the SSAS Application form



 Post the completed form with the relevant identity documentation to: Close Brothers Treasury, 4th Floor, 10 Crown Place, London, EC2A 4FT


General Terms and Conditions

This is our standard customer agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information. Copies of the General Terms and Conditions are available on this website or by telephoning us on 020 3857 3060.

For full details of how we collect and process your data, please read our Privacy Policy

Frequently asked questions

Q. What documents need to be sent with the Sapphire SSAS application?

A. We require a completed Sapphire SSAS fixed term application form, HMRC Scheme Approval letter, an original or certified copy of the current Trust Deed and Rules and current signatory list of the Authorised Officials, together with a copy of a recent bank statement within the last 3 months confirming the nominated SSAS Account for repayments. If a Scheme Approval letter is unavailable, please provide a certified HMRC Confirmation of Registration status screenshot.

If the HMRC Scheme Approval letter and signatory list have previously been provided, we do not need to receive these documents again unless there is a change to either.


Q. Who has to sign the Sapphire SSAS application form?

A. The application form is to be signed by the appointed Scheme Official(s) (Scheme Trustee(s) / Administrator).


Q. How long does it take to open the Sapphire SSAS deposit?

A. The account will be opened within 10 working days of the receipt of the completed application form, required documentation and cleared funds.


Q. Will a new application form be required to open an additional Sapphire SSAS fixed term deposit?

A. No. The completion of a new application form is not required to apply to open an additional Sapphire SSAS fixed term deposit account. We do however require a signed and completed FSCS Information Sheet and Exclusions List for each additional Sapphire SSAS deposit. For more information, click here.


Q. How do I know the deposit has been set up?

A. A confirmation of the deposit will be posted to the SSAS Trustee(s) / Administrator within a few days of funds being received and the account setup.


Q. What happens at maturity?

A. Four weeks prior to maturity, we will contact the Scheme Trustee(s) and/or Administrator giving notification of re-investment rates available at the time. At maturity, if there is no instruction received from the Scheme Trustee(s) / Administrator, funds will be automatically re-paid to the member's nominated SSAS bank account.


Q. Can funds be withdrawn before the deposit matures?

A. You may not withdraw funds or deposit additional funds before the fixed term deposit matures. Please see the Additional Conditions on the application form for exceptions (death of a member, pension sharing order).


Q. Can you provide information to the Trustee's Financial Adviser on their SSAS cash deposit held with Close Brothers?

A. Yes, provided we have received authorisation from the SSAS Trustee(s) / Administrator we are able to provide details of the fixed term deposit to the Trustee's Financial Adviser.

We will only accept instructions on the account from the SSAS Trustee(s) / Administrator.


Q. Will you still accept SIPP fixed term cash deposits?

A. SIPP fixed term deposits will still be accepted via our Sapphire SIPP application form.


Q. I currently have an existing SSAS deposit with Close Brothers that is due to mature shortly. What are my options?

A. On the maturity of your current SSAS deposit account, you can have funds repaid or take out a new Sapphire SSAS fixed term deposit account.

A new Sapphire SSAS application form will need to be completed to open the account.

Members of the FSCS

Your eligible deposits with Close Brothers Limited (and our associated trading styles of Close Brothers Treasury and Close Brothers Savings) are protected up to a total of £85,000 by the Financial Services Compensation Scheme ('FSCS'), the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Close Brothers Savings and Close Brothers Treasury. Any total deposits you hold above the £85,000 limit between these brands are not covered.

Read more here 

If you have an enquiry call us on: 020 3857 3050