Asset 30 Account - Issue Three
An account that offers an enhanced rate of interest on a business's cash funds, providing that 30 days' notice can be given for each intended withdrawal. One penalty free withdrawal per annum is also permitted providing the balance is over £5,000. The minimum opening deposit is £5,000 per account with a minimum balance of £5,000 to be maintained in each account. If the account balance falls below the £5,000 minimum required, a charge of £15 will be applicable in each calendar month that the balance is below the minimum.
Interest is only paid on balances that remain at £5,000 or more. Clients can select to have the monthly interest credited to another linked account so that it may be accessed more easily (providing the balance remains above £10,000).