A
Close Look
Where clients have in excess of £1,000,000 pounds to deposit
(or currency equivalent) there is often a need to balance risk and
return. The Close Fiduciary Deposit does this eloquently by spreading
your deposit across a range of banks at attractive wholesale rates.
Protection Against Risk
Clients with substantial cash deposits may wish to protect themselves
against risk, by holding deposits at a number of financial institutions.
Close Fiduciary Deposit not only spreads your risk by utilising several
banks but also saves you the trouble of maintaining separate accounts
at different banks and building societies as this is brought together
under one account.
Best Interest Rates
Once we have established a list of banks that meet your criteria
regarding credit risk, we then place your monies with the best
interest paying banks. Because of our buying power we are often
able to get far superior rates to those usually available to deposit
holders and this is core to the Fiduciary Deposit.
Flexible Terms
You set the maturity date for your monies, which gives you total
control over liquidity. Fiduciary Deposits can be fixed from as
short a period as overnight right up to one year.
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