Current, deposit & cheque accounts
As an additional service to clients we can offer current and deposit accounts in sterling and major foreign currencies. We have the normal facilities to make electronic payments both in the UK and internationally.
We provide the following accounts:
Current accounts
- no interest is paid but there are normally no charges for current account transactions
- value of credit balances may, at our discretion, be taken into consideration when calculating fees payable for other services
Call deposit accounts
- funds are available on demand and interest is calculated on a daily basis on cleared balances and credited to the account quarterly
- credit interest is paid net of basic rate tax unless the account falls within an exempt category
- the rate of interest paid on credit balances may be varied from time to time at our discretion
Fixed deposit accounts
- funds in excess of £100,000 can be placed on fixed deposit
- rate of interest will be fixed relative to those available on the London Money Markets, depending on the size of the deposit
- interest is paid gross i.e. without the deduction of tax, at the end of the fixed term
Foreign currency deposit accounts
- funds are available on demand and interest is calculated on a daily basis on cleared balances and credited to the account quarterly
- interest is paid quarterly net of basic rate tax unless the account falls within an exempt category
- fixed term deposits are also available for sums in excess of £100,000 equivalent
Statements
- statements are normally issued quarterly or, on request, monthly and include a full narrative of transactions
Contact us
For more information about current, deposit & cheque accounts contact Neil Cullum.
