Treasury Reserve Deposit Account

Lock your surplus foreign currency into a higher, fixed rate of interest over an agreed period, so you can accurately forecast your returns and improve your cash flow management.

Key features and benefits:

• Attractive rates of interest
• Flexible terms - ranging from Overnight to 1 year for most currencies
• Larger deposits can be placed overnight
• Interest can be added to the deposit
• Interest paid at maturity
• Convenient, runs alongside an existing currency account

The terms and minimum amounts you may deposit are based on the following Sterling equivalents:

Overnight - 6 days : £250,000
7 days - 1 year : £55,000

Please note that the currency equivalents of the Sterling amounts will vary depending on the exchange rate at the time.

NB: Fixed Term Deposits should only be used if you are sure that you can tie funds up for the fixed period, otherwise penalties may apply. In addition, two working days' notice is normally required to release funds before maturity date. If you require instant access then please consider a Business Currency Reserve Account.

Non customers have to complete all the account opening formalities as for a sterling account before a currency account can be opened. Existing customers must maintain a currency account before a currency fixed deposit account can be opened.

Please read the important legal information.