Tell me moreDeposit options
Investment options
Client Deposit Manager
Optimise the liquidity and
return on funds
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.
Features and benefits
- 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
- Manage your account online – using Internet banking
- Interest calculated daily - and paid quarterly
- Payment flexibility - cheque books, paying-in books, standing orders and Direct Debits available on clients' accounts
Client Deposit Manager interest rates
| Balance £ | Current gross rate per annum % | Current AER % |
|---|---|---|
| 0-499 | 0.10 | 0.10 |
| 500-1,999 | 0.10 | 0.10 |
| 2,000-24,999 | 0.10 | 0.10 |
| 25,000-99,999 | 0.10 | 0.10 |
| 100,000-249,999 | 0.10 | 0.10 |
| 250,000+ | 0.10 | 0.10 |
Rates effective from July 01 2011.
Common definitions
Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts, which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Gross Rate. This means the interest rate you are paid before the deduction of income tax.
Interest is subject to variation.