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Because your clients come first

Flexible Client Term Deposit Account

 Lock away any client funds you're holding for a fixed term of your choice and get a boost on the interest you'll earn with our Flexible Client Term Deposit Account.

Interest booster

Got client funds you can lock away? Earn a higher interest rate than the Client Premium Deposit Account of between 0.25% - 1.00% AER

Save your way

Put money away for 6 months, 9 months or 1, 2 or 3 years. The choice is yours.

Need to close? No problem

If you need to access the funds, you can close the account early. Your interest will be adjusted to 0.05% AER.

What you need to know

We’re up front with our customers about everything. We’ve created this handy summary of our Flexible Client Term Deposit Account key features so you can see the important information from the get-go.

Interest rateMinimum balanceInterest payment frequency
0.25% - 1.00% AER £500,000 Paid on maturity, unless the account 
is closed early (calculated daily)

The amount of interest you earn depends on how long you put the money away for:

TermRate (AER)
6 months 0.25%
9 months 0.35%
1 year 0.65%
2 years 0.75%
3 years 1.00% 

AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year.


This account is for Metro Bank Business Bank AccountCommercial Current Account or Client Premium Deposit Account customers who need to hold clients’ money in a bank account.

It’s typically used by solicitors and accountants, but other businesses that hold client money can benefit too.

If you want to deposit client funds for a shorter time, you may want to consider our Client Premium Deposit Account.

What you need to open a business account 

Opening an account

Open in store – we’re open 7 days a week, including after work and at weekends.

Call the Business Team on 0345 08 08 508 or simply talk to your Relationship Manager.

Closing your account early

You can close your account whenever you like, whichever term you choose.

If you close your account early, the interest rate will be adjusted to 0.05% AER from the time the account was opened.

For example, if you open an account with a term of 9 months and close it at 4 months, you’ll get 0.05% AER not 0.35% AER for the time the money was in the account.

Your account and tax

All interest on UK savings accounts will be paid without tax being deducted. For more information, please ask contact the Business Team on 0345 08 08 508.

Get all the details to read at your leisure

Download our PDF to read when you like - it contains all the ins and outs of our Flexible Client Term Deposit Account.

Flexible Client Term Deposit Account Details (PDF)(787KB)

Our Service Relationship with Business Customers (PDF)(1.1MB)

Open an account

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  • Why do I need another Metro Bank Account if I have a Flexible Client Term Deposit Account?

    When your account matures, your money will be paid into a Metro Bank Business Account that you nominate. This can be a Metro Bank Business Bank Account, Commercial Current Account or Client Premium Deposit Account.

    Find out more about all of our Business Current Accounts.

  • Can I use internet banking with my Flexible Client Term Deposit account?

    Yes – you can use internet banking to see your account details, but you can’t make any transactions online from this type of account.

    Find out more about internet banking.

  • Where can I find the rate for my Metro Bank account that’s now closed to new Business Customers?

    You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Business Products.

Your ways to bank


Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.


Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.


A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year.


If you need help you can talk to a real person in our UK contact centre 24 hours a day, 7 days a week, 365 days a year.

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Get an account designed for companies with an annual turnover of over £2 million or complex requirements.  Flexible banking online and in store.


Internet banking for business

Which online banking solution is best for your business? Get the basics, add Bacs and CHAPS, or go for our full commercial platform.


Protecting your money

Your eligible deposits with Metro Bank are protected by the FSCS.