Saving & deposit options
- Business Reserve
- Treasury Reserve
- Direct Reserve
- Tax Saver
- Treasurer's Account
- Bonus Saver
- Liquidity Manager Notice Accounts
Clients' Monies
Useful information
Client Deposit Manager
Making the management of client funds easier
Designed for professional firms and any organisation that holds client funds.
Why choose our Client Deposit Manager Account?
Client Deposit Manager makes the everyday management of third party funds easier. It can help you ensure that you comply with any regulations imposed by a professional body and allows you to maximise your returns on short term cash.
- Account flexibility – set up a single office account or separate accounts for each client
- Interest flexibility – interest can be paid into client accounts or your business current account
- Instant access to funds – with no monthly fees or penalties on withdrawal
- Convenient banking – carry out your day-to-day transactions over the phone or online 24/7
- Interest calculated daily – and paid quarterly
- Cheque books and credit books – give you more choice when it comes to managing the funds
| Amount | Gross Rate % p.a. | AER% | New rates effective from |
|---|---|---|---|
| Client Deposit Manager interest rates ... | |||
| £0-£499 | 0.10 | 0.10 | 28/3/2011 |
| £500-1,999 | 0.10 | 0.10 | 28/3/2011 |
| £2,000-£24,999 | 0.10 | 0.10 | 28/3/2011 |
| £25,000-£99,999 | 0.10 | 0.10 | 28/3/2011 |
| £100,000-£249,999 | 0.10 | 0.10 | 28/3/2011 |
| £250,000+ | 0.10 | 0.10 | 28/3/2011 |
Rates are correct as at date of publication but subject to variation.
Gross rate - is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
Net Rate - is the interest rate paid after deduction of tax.
Interest is calculated daily and applied quarterly.
Interest is subject to variation.
Rates effective from 28 March 2011.
