• Deposit Balance Requirements and Rates

Deposit Balance Requirements and Rates


Savings Deposit


USD

Required Initial DepositRequired Monthly Average Daily BalanceRequired Daily Balance to Earn InterestInterest Rate per Annum
USD 5,000.00
USD 5,000.00
USD 5,000.00
0.25%


GBP

Required Initial DepositRequired Monthly Average Daily BalanceRequired Daily Balance to Earn InterestInterest Rate per Annum
GBP 5,000.00GBP 5,000.00GBP 5,000.000.25%

1)  ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in the account for a month divided by the number of days in that month. The formula for computing ADB is as follows:

ADB = (Day 1 ending balance + Day 2 ending balance …+ Day 30/31 ending balance)
Number of days in the month (i.e. 30/31 days)

2) Daily Balance is equivalent to end-of-day account balance.

3) Interest payment is calculated daily based on end of day account balances and credited monthly. No interest will be paid out in the event that you close your account before the date of credit.



Time Deposit

Board Effective Rates as of March 2021

AmountGBP (%)USD (%)
91 Days182 Days364 Days91 Days182 Days364 Days
5,000 - 9,9990.125%0.200%0.250%0.250%0.200%0.300%
10,000 - 84,9990.150%0.250%0.300%0.300%0.250%0.350%
85,000 - 149,9990.150%0.250%0.300%0.300%0.250%0.350%
150,000 & aboveCall Treasury Unit for Quote

1) Interest rates are variable and we reserve the right to amend them from time to time.
2) Day count convention for GBP Currency day is 365.

Related information

S.T.A.R. Account

A savings account with electronic banking convenience of monitoring the growth of your funds.So start saving to build up some funds for your future.

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S.T.A.R. Plus Account

A time deposit product which allows placement of your funds for a fixed yield. Available in Great Britain Pound and US Dollar currencies.

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