Designed For ‘Savers’ - all the Advantages of a 1-Month Fixed Deposit with added flexibility
Close Monthly Access Deposit is a monthly-maturing deposit account, where the interest rate is fixed on the 15th day every month (or next working day). It is designed for clients who require capital security and/or income. Offering all the advantages of a one month Money Market Deposit, the Monthly Access Deposit allows you the flexibility of being able to add funds to your account at any time without the restricted access of having to wait until maturity.
Currencies, Low Entry Level and Minimum Balance
Close Monthly Access Deposit is available in sterling, euro and US dollars, allowing you to manage multiple currencies easily and conveniently through one account.
Close Monthly Access Deposit is available from a low entry level of £25,000, €50,000 or US$50,000 with a minimum balance equal to these sums required.
Tiered Interest calculated daily
- Close Monthly Access Deposit offers an attractive tiered interest rate structure, so the larger your balance, the higher your interest rate.
- For your convenience, interest is calculated daily and paid monthly.
- You can also choose to maintain separate capital and income accounts
Account Access and Sweeping
To benefit from high interest rates, withdrawals are restricted to once a month, on the 15th day every month (or next working day). Unlike most one month fixed deposit accounts, you can add funds to your account at any time, without restriction. This account also offers a unique ‘sweeping’ facility which enables you to move a pre-defined sum of money from the account to top-up balances or clear overdrafts on your Close Advantage and Close Advantage Plus accounts.
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