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Client Deposit Manager
Management of client funds made easy
Our instant access account is available exclusively to solicitors, licensed conveyancers and businesses who maintain office accounts or manage client accounts in their usual course of business.
- tiered interest rates - with higher returns on larger balances
- daily interest - calculated daily and paid quarterly
- online transfers - transfer funds online quickly and efficiently using Bankline
- no limit - on number of designated client accounts you can hold
- payment flexibility - cheque books, paying-in books, standing orders and direct debits available on clients' accounts
- statement frequency - statements can be produced as often as required
| Balances | Gross Rate per annum (%) | AER (%) |
|---|---|---|
| £250,000 + | 0.10 | 0.10 |
| £100,000 - £249,999 | 0.10 | 0.10 |
| £25,000 - £99,999 | 0.10 | 0.10 |
| £2,000 - £24,999 | 0.10 | 0.10 |
| £500 - £1,999 | 0.10 | 0.10 |
| £0 - £499 | 0.10 | 0.10 |
Rates with effect from: 28 March 2011.
*Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
Interest is paid subject to United Kingdom law and regulations governing deduction of income tax from interest earned.
Interest is paid subject to the required registration form having been provided to the Bank.
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