Lloyd's Government Call account
Sutton Council's Bandon Hill Cemetery Joint Committee considered moving cash reserves into the Lloyd's Government Call account to achieve higher interest rates.
In November 2025, Sutton Council's Bandon Hill Cemetery Joint Committee discussed a revised treasury strategy to move a significant portion of its cash reserves into a higher-interest account. A report to the committee highlighted that the cemetery's existing cash was earning 2% interest.
The committee was informed that Sutton Council has access to the Lloyd's Government Call account, a savings account for government entities, which offers a more attractive interest rate of 3.77%. This move aims to potentially boost the cemetery's income from its reserves.
Key facts
- The Lloyd's Government Call account offers an interest rate of 3.77%. Source
- Sutton Council's Bandon Hill Cemetery's cash was earning 2% interest. Source
- Bandon Hill Cemetery held £763,940 in general reserves as of March 31, 2025. Source
- The Bandon Hill Cemetery Joint Committee met on 10 November 2025. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.