Our deposit account offers interest and instant access for organisations wishing to deposit funds. Please note, this account is not designed for transactional banking – it cannot be managed through internet banking and to withdraw funds you will need to request a transfer which will be charged as per our Service Tariff.
- Earn interest on funds
- Instant access
- No account fee
|Account name||Tailored Deposit Account|
|Interest||Net Rate*||Gross Rate**||AER***|
* Net Rate is the amount of interest you will receive if your organisation pays tax at source.
** Gross Rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
*** AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.