Treasury Reserve Deposit Account
A higher, fixed-interest rate if you commit your surplus foreign currency for an agreed period.
You can accurately forecast your returns and improve your cash flow management and get:
- attractive rates of interest
- flexible terms - ranging from Overnight to 1 year for most currencies
- facility for larger deposits to be placed overnight
- interest can be added to the deposit
- interest paid at maturit
- Convenient, runs alongside an existing currency account
The terms and minimum amounts you may deposit are based on the following Sterling equivalents:
Overnight - 6 days : £250,000
7 days - 1 year : £55,000
Please note that the currency equivalents of the Sterling amounts will vary depending on the exchange rate at the time.
NB: Fixed Term Deposits should only be used if you are sure that you can tie funds up for the fixed period, otherwise penalties may apply. In addition, two working days' notice is normally required to release funds before maturity date. If you require instant access then please consider a Business Currency Reserve Account.
Non customers have to complete all the account opening formalities as for a sterling account before a currency account can be opened. Existing customers must maintain a currency account before a currency fixed deposit account can be opened.
Please read the important legal information.
Nearest branch
See your local Business Manager - find your nearest branch.
