How do I open and manage my account?
It’s easy to apply online. The minimum opening deposit is £10,000 and the maximum is £2 million. You can pay money into your account by cheque or electronic bank transfer. You may also place additional funds (no minimum amount), ensuring they do not exceed the maximum balance.
Managing your account is easy too, simply login to your account, call or write to us and we’ll help you with any questions or instructions.
Can I withdraw money?
Yes. You may place notice to withdraw funds at any time using your online account, in writing or over the telephone. Your funds will be repaid following completion of the applicable notice period. Once placed, notice cannot be cancelled.
If your balance falls below £10,000, interest will be set at 0.50% Gross P.A. (variable) until the balance meets or exceeds £10,000.
Tax information. We do not currently deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future.