Community Instant Access Deposit Account

4.00% AER* Limited Edition Rate

Build a nest-egg for your club, society or charity with our straightforward Community Instant Access Deposit Account. You have total control over your money and can take money out if and when you like

Limited Edition Rate 4.00% AER*/4.00% Gross (variable)

Open an account and deposit at least £1000 within 28 days to earn a Limited Edition Rate (variable) for 12 months. If you don't do this, you’ll receive our Standard Variable Rate of 1.20% AER* Gross (variable).

Easy access to your cash

You have full control over your money and can access it when you need it

No hidden fees

You won’t pay a monthly fee, there are no set-up costs and no minimum deposits

Talk to us about our community instant access deposit account now

Come see us in store – we’re open 7 days a week, no appointments needed.

If you’re a commercial customer, speak to your Relationship Manager or Local Director. Their details will be listed alongside your local store

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Interest Rates, Fees and Charges

Interest rate	Minimum balance	Interest paid
Limited Edition rate of 4.00% AER*/ Gross (variable)	Minimum balance of £1000 within 28 days	Monthly or annually
Standard Variable Rate of 1.20% AER* / Gross (variable)	£1	Monthly or annually

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

Variable means we may change these rates and charges from time to time, or introduce new charges. If this means you’ll earn less interest, we’ll let you know beforehand.

From 10 November 2023 you can earn a Limited Edition rate of 4.00% AER* /Gross (variable) for 12 months if a minimum account balance of £1000 is reached within 28 calendar days of account opening.*

Limited Edition rates are promotional rates which are subject to availability and can be withdrawn from sale at any time. The interest on these rates is higher than our Standard Variable rate.

During the 12-month period the rate can vary meaning it can go up or down, but it will not go below the Standard Variable rate that is available at that time.

Your account will earn Standard Variable rate interest until you meet the Limited Edition rate criteria.

For more information about Limited Edition rates please see the Important Information Sheet and the Frequently Asked Questions below.

For more information regarding your FSCS protection, please see the FSCS Information Sheet and Exclusion List.

Charges for banking services

There are no fees for this account, but we do charge for some of our banking services.

Service	Charge
Issuing a banker’s cheque	£15 per item
Stopping a banker’s cheque	£10 per item
Copy or duplicate statements	£5 per statement

Opening a Community Instant Access Deposit Account

What we need to open your account

Bringing in the right documents can smooth out the account opening process.

To open a Community Account, you’ll need to be a club, society or charity. Different types of organisations will need different documents:

Unregistered Charity: Minutes of the Meeting and Constitution documents
Registered Charity: Minutes of the Meeting and Charity Commission number
Registered and Limited Charity: Charity Commission number and Company Registration number
Club/Society/Association: Minutes of the Meeting and Constitution documents. If there are no Constitution documents available a letter on headed paper confirming the same information is acceptable.

Minutes of the Meeting need to confirm

An account is to be opened with Metro Bank in the name of the organisation
Who the Key Officials are (Chairperson/Treasurer/Secretary)
Who the signatories of the account will be and the signing rules for the account
The Minutes of the Meeting must be signed by two Key Officials, where there are two or more

Constitution documents need to confirm

What the organisation has been setup to do
Who the appointed Board/Committee members are
Who the Key Officials are (Chairperson/Treasurer/Secretary)

Proof of identity

A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need.

Show suitable ID for UK, EEA or Swiss Nationals Hide suitable ID for UK, EEA or Swiss Nationals

Photographic ID

Valid UK/EEA/Switzerland passport
Valid UK full photocard driving licence
Valid UK provisional photocard driving licence
Valid EU member state national ID photocard
Valid firearms certificate or shotgun licence.

We can only accept original documents, not photocopies.

Valid Passport/EU national ID Card means in date, undamaged and machine readable. Unfortunately, we can’t accept handwritten passports or ID cards.

Non-photographic ID

If you’re providing non-photographic ID, you’ll need to bring 2 proofs of address. We can only accept original documents, not photocopies.

Valid old-style UK driving licence (no photo)
HMRC documentation (PAYE Coding Notice/Tax Notification/Self-Assessment/Statement of Account/NI contributions bill) issued in the last 3 months or valid for the current tax year. We can’t accept P45 or P60 forms
Notification letter from Benefits Agency/Local Authority confirming your right to benefits (Department for Works and Pensions (including Jobcentre Plus), Benefits Agency or Veterans Agency), dated within the last 12 months

Show suitable ID for other nationalities Hide suitable ID for other nationalities

Valid passport with your current visa (with at least 6 months left on it) or a Biometric Residence Permit.

Proof of address

Must have your name and current address on it. We only accept originals. It’s handy to have 2 of these with you, just in case.

Show suitable proofs of address Hide suitable proofs of address

Current UK full photocard driving licence
Current UK provisional photocard driving licence
Current old-style UK driving licence (no photo)
Council Tax bill (valid for the current financial year)
HMRC documentation (PAYE Coding Notice/Tax Notification/Self-Assessment/Statement of Account/NI contributions bill valid for the current tax year issued by Job Centre Plus) dated within the last 3 months. We can’t accept P45 or P60 forms.
Notification letter from Benefits Agency/Local Authority confirming your right to benefits (Department for Works and Pensions, Jobcentre Plus, Benefits Agency or Veterans Agency), dated within the last 12 months
Current Tenancy Agreement, from a local council or a recognised letting agency
Bank, Building Society, Credit Union statement, dated within the last 3 months
Credit card statement, dated within the last 3 months
Mortgage statement from a recognised lender, dated within the last 12 months
Life assurance/life insurance policy, dated within the last 3 months but outside of cancellation period
Motor insurance certificate, valid for the current year but outside of cancellation period – we can’t accept cover notes
Utility bill - gas, electricity or water, dated within the last 3 months
Telephone bill, dated within the last 3 months. We can’t accept mobile phone bills
Sky or cable TV bills, dated within the last 3 months

Additional information

Eligibility

This account is exclusively for clubs, societies and charities. You need to have:

A maximum of 250 employees
An annual turnover of less than £36 million
A balance sheet value of less than £31 million

Bank the way you want

We believe in letting you decide how you want to bank with us – whether that’s online, in store, over the phone, through your Relationship Manager or on the move with our app.

Ways to bank

Setting up your online banking and mobile app

Manage your Community Instant Access Deposit Account online or on your mobile.

Business online banking

Business mobile banking app

Your account and tax

Since 06 April 2016, interest on savings has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.

Get all the details on our Community Instant Access Deposit Account

Download our PDF to read when you like - it contains all the ins and outs of our Community Instant Access Deposit Account.

Community Instant Access Deposit Account Details (PDF) (44KB)

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

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FAQs

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.

Is the Limited Edition rate available for new and existing customers?

Yes! Our Limited Edition rates can be opened by new customers or existing customers. All our existing customers have to do is open a new account and deposit the minimum balance within 28 days.

Is the Limited Edition rate variable?

The Limited Edition rate will be applicable to your account for 12 months, but is variable, meaning that within the 12-month period the Limited Edition rate can go up or down, but it will not go below the Standard Variable rate that is available at that time.

How will I know if the Limited Edition rate is being paid on my account?

Customers can see the interest rate being paid on their account at any time on their Mobile App or via Online Banking.

How does the eligibility for the Limited Edition rate work?

If you meet the criteria for the Limited Edition rate, this interest rate will be applied to your account from the next working day. Until that point your account will earn the Standard Variable rate. You can see your current interest rate at any point on mobile or online banking.

During the eligibility time period we’ll assess whether you have met the Limited Edition rate criteria, and begin paying the Limited Edition rate. When the interest is paid from can be worked out using the following table:

Your closing balance on a	Limited edition rate applies from the following
Monday	Tuesday
Tuesday	Wednesday
Wednesday	Thursday
Thursday	Friday
Sunday	Monday

Please note:

If you meet the Limited Edition rate criteria on a Friday or Saturday we will only consider your closing balance on a Sunday for the purposes of eligibility and applying the Limited Edition rate.

If there is a Bank Holiday (including before or after a weekend), we will only consider your closing balance on the last non-working day for the purposes of eligibility and the Limited Edition rate will apply from the next working day.

You can make withdrawals during the eligibility period, if at the point of assessment for an Limited Edition rate the balance is lower that the minimum required you have the option to top up while the eligibility period is still open.