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 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|
|0.10% - 0.20% 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 0.01% 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.
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.
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.
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.
Check balances, make payments, see transactions and open new accounts any time - all with Business Online Banking.
Control your money on the move. Check balances, move money, make payments and more with our handy mobile app.
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The right deposit account can help you reach your goals. See our range of deposit accounts that will make your money work harder.
Earn 0.20% AER variable interest on client funds and withdraw your cash whenever you like.
Does your business have an annual turnover of £2 million? We've designed an account just for you.
We have the online banking solution that's best for your business. Get the basics, add Bacs and CHAPs or go for our full commercial platform.