Thursday, 04 October 2012 09:36
AXA Wealth offers fixed term deposits on its Elevate platform
AXA Wealth, a sponsor of the Institute of Financial Planning, has launched a fixed term deposit offering on the Elevate platform due to adviser demand.
The firm said this would support the platform's whole of market solution and give advisers and clients a wider investment choice.
Fixed term deposits will be supplied by Cater Allen and Bank of Ireland and offer rates of up to 3.9 per cent for a three year investment.
They will be available to advisers through the Elevate General Investment Account, Elevate Pension Investment Account, Offshore Bond and other third party accounts.
"Having the fixed term deposit facility on Elevate offers advisers and their clients greater choice and by giving up instant access to their cash deposit, clients can receive higher interest rates which is appealing to many in the current economic climate."
The firm said this would support the platform's whole of market solution and give advisers and clients a wider investment choice.
Fixed term deposits will be supplied by Cater Allen and Bank of Ireland and offer rates of up to 3.9 per cent for a three year investment.
They will be available to advisers through the Elevate General Investment Account, Elevate Pension Investment Account, Offshore Bond and other third party accounts.
The firm said it hoped the fixed term deposits would give advisers and clients the security of planning the interest they would receive without interest rate fluctuations.
David Thompson, managing director of marketing and distribution at AXA Wealth, said: "During times of market volatility clients will often exit equity markets or move their portfolios into cash accounts or traditional cash deposits."Having the fixed term deposit facility on Elevate offers advisers and their clients greater choice and by giving up instant access to their cash deposit, clients can receive higher interest rates which is appealing to many in the current economic climate."
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