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28 February 2017
withdraw from the Intermediary Deposit Market
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Rabodirect have announced their decision to withdraw from the Intermediary Deposit Market. As a result of this decision:
- from 8th March we'll no longer be accepting new business into Rabodirect deposit accounts
- all existing demand deposits with Rabodirect held through Standard Life will be closed on 19 July 2017
- all fixed term deposits will run to the maturity date of the contract
During March and April we’ll be writing to you and your customers highlighting alternative investment options.
In the meantime, if you or your customers have any questions please contact us.