S.T.A.R. Plus Account
A time deposit product which allows placement of your funds for a fixed yield.
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Features

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 06 April 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 06 April 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



Quick guide

How to open an account

Visit BPI Europe Plc's Earl's Court branch.

How to place money

1. To make a placement, you will have to deposit funds to your BPI Europe Star account ("your settlement account")
2. Make a faster payment or online transfer from your other UK account to your BPI Europe Star Account (subject to clearing within BPI Europe Plc's business hours)

How to withdraw cash

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 GBP1,000.00.
2. Instruct us to debit your BPI Europe Star account and transfer to your other UK bank (subject for next day clearing period).
3. Instruct us to debit your BPI Europe Star 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.

How to view my account

View your time deposit and settlement account via BPI Online.

Deposit Balance Requirements and Rates
Know the rates and requirements before opening an account.
Learn more
Frequently asked questions

What is the difference between BPI Europe and BPI?

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.

Are there service fees and charges?

Do I get a debit card when I open this account?

No. There is no debit card when you open a S.T.A.R Account.

Do I get an overdraft when I open this account?

No. Your BPI Europe star account must be funded before making cash withdrawals or transfers to your other UK bank.

Who can I contact if I have questions regarding S.T.A.R Account?

For enquiries, you can call us at 0207 835 0088 or email us at bpinoy@bpieuropeplc.com.

Related information

S.T.A.R. Account

A savings account with electronic banking convenience of monitoring the growth of your funds.

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Terms and Conditions

Read the general banking terms and conditions.

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Deposit Protection

The Financial Services Compensation Scheme (FSCS) can pay compensation to depositors if a bank is unable to meet its financial obligations. From 30 January 2017, the FSCS will protect most eligible deposits up to a total of £85,000.00. Any deposits you have above the limit are unlikely to be covered.