Common use of Fixed Term Deposit Accounts Clause in Contracts

Fixed Term Deposit Accounts. To open a Fixed Term Deposit Account with us in GBP, USD and EURO, you must have cleared funds as a Fixed Deposit. If you intend to open such an account against a cheque then you must wait until the cheque is cleared in your current account with us. Once your Fixed Deposit account is opened you shall receive the interest rate applicable. The interest rate we offer for our Fixed Term Deposit Accounts are at the managed rate of our Bank and it shall be fixed for the term of your Fixed Deposit. Deposit Account interest rates are determined on daily basis. We will tell you the applicable interest rate when your Fixed Deposit Account is opened. You will receive your total interest when we repay your deposit at maturity. Once your deposit is fixed for a term you cannot make additions to your initial deposit amount but you can open more than once Fixed Deposit Account with different maturities. Each fixed Deposit will receive our bank’s managed interest rate at the time of opening. You are not allowed to make early withdrawals of capital (either whole or partial) from your Fixed Term Deposit Account. Before the maturity of your fixed term deposit account it is your responsibility to contact us two bank working days in advance otherwise your subject account will be renewed for the same term at the prevailing interest rate when it matures.

Fixed Term Deposit Accounts. To open a Fixed Term Deposit Account with us in GBP, USD and EURO, you must have cleared funds as a Fixed Deposit. If you intend to open such an account against a cheque then you must wait until the cheque is cleared in your current account with us. The minimum balance requirement for opening a Fixed Term Deposit Account with us is £35.000.00 (thirty five thousand Sterling), EURO 50,000.00 (fifty thousand Euro) and 55,000.00 (fifty five thousand USD), subject to Managements approval. Once your Fixed Deposit account is opened you shall receive the interest rate applicable. The interest rate we offer for our Fixed Term Deposit Accounts are at the managed rate of our Bank and it shall be fixed for the term of your Fixed Deposit. Deposit Account interest rates are determined on daily basis. We will tell you the applicable interest rate when your Fixed Deposit Account is opened. You will receive your total interest when we repay your deposit at maturity. Once your deposit is fixed for a term you cannot make additions to your initial deposit amount but you can open more than once Fixed Deposit Account with different maturities. Each fixed Deposit will receive our bank’s managed interest rate at the time of opening. You are not allowed to make early withdrawals of capital (either whole or partial) from your Fixed Term Deposit Account. Before the maturity of your fixed term deposit account it is your responsibility to contact us two bank working days in advance otherwise your subject account will be renewed for the same term at the prevailing interest rate when it matures.

Fixed Term Deposit Accounts. To open a Fixed Term Deposit Account with us in GBP, USD and EURO, you must have cleared funds as a Fixed Deposit. If you intend to open such an account against a cheque then you must wait until the cheque is cleared in your current account with us. The minimum balance requirement for opening a Fixed Term Deposit Account with us is £35.000.00 (thirty five thousand Sterling), EURO 50,000.00 (fifty thousand Euro) and 55,000.00 (fifty five thousand USD). Once your Fixed Deposit account is opened you shall receive the interest rate applicable. The interest rate we offer for our Fixed Term Deposit Accounts are at the managed rate of our Bank and it shall be fixed for the term of your Fixed Deposit. Deposit Account interest rates are determined on daily basis. We will tell you the applicable interest rate when your Fixed Deposit Account is opened. You will receive your total interest when we repay your deposit at maturity. Once your deposit is fixed for a term you cannot make additions to your initial deposit amount but you can open more than once Fixed Deposit Account with different maturities. Each fixed Deposit will receive our bank’s managed interest rate at the time of opening. You are not allowed to make early withdrawals of capital (either whole or partial) from your Fixed Term Deposit Account. Before the maturity of your fixed term deposit account it is your responsibility to contact us two bank working days in advance otherwise your subject account will be renewed for the same term at the prevailing interest rate when it matures.

Fixed Term Deposit Accounts. To open a Fixed Term Deposit Account with us in GBP, USD and EURO, you must have cleared funds as a Fixed Deposit. If you intend to open such an account against a cheque then you must wait until the cheque is cleared in your current account with us. The minimum balance requirement for opening a Fixed Term Deposit Account with us is £2,500.00, €2,500.00 and $ 4,000.00. Once your Fixed Deposit account is opened you shall receive the interest rate applicable. The interest rate we offer for our Fixed Term Deposit Accounts are at the managed rate of our Bank and it shall be fixed for the term of your Fixed Deposit. Deposit Account interest rates are determined on daily basis. We will tell you the applicable interest rate when your Fixed Deposit Account is opened. You will receive your total interest when we repay your deposit at maturity. Once your deposit is fixed for a term you cannot make additions to your initial deposit amount but you can open more than once Fixed Deposit Account with different maturities. Each fixed Deposit will receive our bank’s managed interest rate at the time of opening. You are not allowed to make early withdrawals of capital (either whole or partial) from your Fixed Term Deposit Account. Before the maturity of your fixed term deposit account it is your responsibility to contact us two bank working days in advance otherwise your subject account will be renewed for the same term at the prevailing interest rate when it matures.