By putting your clients’ funds away for a fixed term, you can earn more interest from our Flexible Client Term Deposit Account
The longer you can put client funds aside, the higher the interest rate
Flexible fixed terms, from 6 months, 9 months, or 1, 2 or 3 years
If you need the money sooner, you can close your account early, at an adjusted interest rate of 0.01% AER*
|Interest rate||Minimum balance||Interest payment frequency|
|0.20% - 0.70% 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:
There’s no set-up fee or monthly maintenance fee for this account.
We will charge for some transactions and services such as international payments, CHAPS payments and an Auditor's Certificate of Balance. You can find all the details of our transaction and service charges in the downloadable PDF below.
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.
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.
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 0.10% 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 0.10% AER not 0.45% AER for the time the money was in the account.
You can’t access your money during the term, but if you think you may need access to your money during this period, please consider the Metro Bank Community Instant Access Deposit Account.
Interest and funds on maturity will be paid into your nominated Metro Bank account.
Since 06 April 2016, interest on deposits has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.
Download our PDF to read when you like - it contains all the ins and outs of our Flexible Client Term Deposit Account.
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