General Finance is in the process of reviewing its interest rates for secured term deposits, in light of:
The recently announced reduction in the OCR.
The strong inflow of funds that General Finance has experienced over the last six months.
General Finance respects its depositors and understands that it often takes time for them to arrange their affairs in order to make a deposit. As a result, the change will be for applications received AFTER the 30th of June 2019.
The new rates have NOT been set yet, however we expect that they will be similar to the adjustment in the OCR.
General Finance, and we here at Equity Investment Advisers, do not want clients to miss out on the current higher rates while they stand.