Deposit

UK-Based Time Deposit Accounts

Sterling Time Deposit. A high-yielding Sterling deposit account

Details

Initial Deposit: £5000
Minimum Holding Period 30days
Maximum Holding Period 365days
Interest Rate: by term
Interest Payment: Upon maturity Auto compounded
Pre-termination Penalty:
- Less than ½ of term – ¾ of interest rate
- More than ½ of term – ½ of interest rate

Opening Requirements (Individual/Joint Account)

Proof of ID (valid passport) read more
Proof of Address (original utility bill, bank statement, credit card statement, council tax notices) read more
Completed application form
2 signature cards

British Pounds - Time Deposit Interest Rates
The following interest rates are payable gross per annum.
Rate effective as of: 10 November 2008

Amount	1 month	3 months	6 months	9 months	12 months
£250,000 +	3.25	3.25	3.25	3.25	3.25
£100,000 - £249,999	3.15	3.15	3.15	3.15	3.15
£50,000 - £99,999	3.05	3.05	3.05	3.05	3.05
£10,000 - £49,999	2.95	2.95	2.95	2.95	2.95
£5,000 - £9,999	2.85	2.85	2.85	2.85	2.85

The gross rate is the rate before deducting tax. Where appropriate, tax will be deducted at source from interest credited or paid. All rates are subject to variation

Philippine National Bank (Europe) Plc is a member of the Deposit Protection Scheme with guarantees 90% of most deposit funds held with the European Economic Area in member currencies or Euro, up to a maximum payment per depositor of £31,700.

Current PNBE Sterling Base Rate: 3.00%