Currency | GBP | USD |
|---|---|---|
| Minimum placement amount | GBP 5,000.00 | USD 5,000.00 |
| Time deposit type | Auto Renew Principal plus interest | Auto Renew Principal plus interest
Auto Renew Principal only and credit interest to the settlement account |
| Terms available | 91 days 182 days 364 days | 91 days 182 days 364 days |
| Interest rates | Please see Deposit balance requirements and rates information page | Please see Deposit balance requirements and rates information page |
| Tax on interest rate | Effective April 06, 2016, BPI Europe PLC no longer withholds taxes on interest paid on savings and time deposits. Please consult HMRC, website for guidance on this subject matter. | Effective April 06, 2016, BPI Europe PLC no longer withholds taxes on interest paid on savings and time deposits. Please consult HMRC, website for guidance on this subject matter. |
| Interest payment | Interest will be paid at the end of contracted term, maturity, or repricing date. | Interest will be paid at the end of contracted term, maturity, or repricing date. |
| Pretermination | Allowed subject to terms and conditions | Allowed subject to terms and conditions |
Visit BPI Europe Plc's Earl's Court branch.
1. To make a placement, you will have to deposit funds to your BPI Europe S.T.A.R. Plus Account ("your settlement account")
2. Make a faster payment or online transfer from your other UK account to your BPI Europe S.T.A.R. Plus Account (subject to clearing within BPI Europe Plc's business hours)
1. Make an over-the-counter cash withdrawal at BPI Europe PLC Earl's Court branch. Advise us a day earlier if you need to withdraw over GBP 1,000.00.
2. Instruct us to debit your BPI Europe S.T.A.R. Plus Account and transfer to your other UK bank (subject for next day clearing period).
3. Instruct us to debit your BPI Europe S.T.A.R. Plus Account and make a CHAPS/same day online bank transfer to your other UK bank (subject to cut off and applicable charges).
Note: For certain types of transactions, in compliance with Anti-Money Laundering Regulations, additional documents on proofs of source of fund and purpose of deposit will be requested before processing your pay-in transfer.
View your time deposit and settlement account via BPI Online.
Bank of the Philippine Islands (Europe) Plc [BPI Europe Plc] is a UK licensed bank, a separate entity of and a wholly owned subsidiary of the Bank of the Philippine Islands [BPI], authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA.
Its deposit products are entirely different from the deposit products of BPI. This means that BPI Europe PLC's deposit products and that of BPI are not linked and cannot be accessed such as account enquiry, cash deposit, dormant reactivation or cash withdrawal through BPI branches.
Yes. View the applicable service fees and charges here.
No. There is no debit card when you open a S.T.A.R. Plus Account.
No. Your BPI Europe S.T.A.R. Account must be funded before making cash withdrawals or transfers to your other UK bank.
For enquiries, you can call us at (+44) 020-783-500-88 or email us at bpinoy@bpieuropeplc.com.
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