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Earn more on your client deposits

Flexible Client Term Deposit Account

By putting your clients’ funds away for a fixed term, you can earn more interest from our Flexible Client Term Deposit Account

Boost your interest

The longer you can put client funds aside, the higher the interest rate

Save your way

Flexible fixed terms, from 1, 2 or 3 years

Need to close? No problem

If you need the money sooner, you can close your account early, at an adjusted interest rate of 0.01% AER*

Talk to us about our flexible client term deposit account now

Your local director can talk you through how we can support your banking needs. Their details will be listed alongside your local store

Interest Rates, Fees and Charges

Interest Rates, Fees and Charges

Interest rate Minimum balance Interest payment frequency
0.25% - 0.35% 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:

Term Rate (AER)*
1 year 0.25%
2 years 0.30%
3 years 0.35% 

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


Fees and charges

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 a Flexible Client Term Deposit Account

Open a Flexible Client Term Deposit 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.

Additional Information

Additional Information

Eligibility

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.


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 0.01% AER from the time the account was opened.

For example, if you choose a 1 year term but close it at six months, you will be paid interest at the rate of 0.01% AER not 0.25% AER for the time the money was in the account.


Deposit terms

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. 


Your account and tax

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.

Get all the details on our Flexible Term Client Deposit Account

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)

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FAQs

  • 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

Online

Check balances, make payments, see transactions and open new accounts any time - all with online banking.

Mobile

Control your money on the move. Check balances, move money, make payments and more with our handy mobile app.

In-store

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

By phone

Talk to a real person in our always-open UK contact centre, 24 hours a day, 7 days a week, 365 days a year.

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