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Deposit Solutions – Current Interest Rates UK

Rates & Products currently available for Retail depositors. For Corporate and Business client rates please contact your private banker.

  • Current Account
  • 35 Day Notice
  • 95 Day Notice
  • Term Deposits
  • Advantage Term Deposits

Current Account

With all of life’s demands, you need a straight forward way to access your money. Our current account offers you the flexibility to manage your money, with a personal service, should you need any assistance.

 AER²/Gross³
 GBP0.00% 
 USD0.00% 
 EUR0.00% 

Key Features:

  • Access your money instantly
  • There are no withdrawal penalties so you can withdraw your money whenever you want
  • Current accounts are available in a range of currencies to suit your requirements

35 Day Notice Account

The Notice Account is designed to meet savers short to medium term liquidity needs whilst paying a higher interest rate that instant access accounts.

 AER²/Gross³
 GBP 0.90%
 USD 2.25%*
 EUR 0.05% 


*The USD 35 Day notice account rate will decrease to 2.00% with effect from 18th October 2019.

Key features:

  • You can deposit funds by requesting a transfer from your Current Account as and when it suits you.
  • To access your funds you are required to give 35 days advance notice
  • Minimum deposit balance is £/$/€50k (minimum withdrawal is £5k)
  • Interest rate is variable however you will be given advance notice of a material change to the rate
  • Interest is paid quarterly

95 Day Notice Account

The Notice Account is designed to meet savers short to medium term liquidity needs whilst paying a higher interest rate than instant access accounts.

  AER²/Gross³
 GBP 1.10% 
 USD 2.40%* 
 EUR 0.10% 

 

*The USD 95 Day notice account rate will decrease to 2.15% with effect from 17th December 2019.

Key Features

  • You can deposit funds by requesting a transfer from your Current Account as and when it suits you.
  • To access your funds you are required to give 95 days advance notice
  • Minimum deposit balance is £/$/€100k (minimum withdrawal is £25k)
  • Interest rate is variable however you will be given advance notice of a material change to the rate
  • Interest is paid quarterly

Fixed Term Deposits

Fixed Term Deposits are available for a range of currencies and terms to meet your liquidity requirements.

 3 Month
AER²/Gross³
6 Month
AER²/Gross³
Month
AER²/Gross³
12 Month
AER²/Gross³
 GBP0.60%0.75%0.90%1.10%
 USD1.80%2.00%2.20%2.40%
 EUR   0.01%

Key features:

  • Fixed Term Deposits offer a fixed rate of interest for a term that suits you
  • Interest is paid on maturity
  • Early withdrawal penalties apply
  • Fixed Term Deposits available for a range of currencies and terms; for a complete list of currencies and rates please contact your private banker

Advantage Term Deposits

Advantage Term Deposits are fixed term deposits paying a fixed rate of interest.
Product is subject to availability.

 3 Month
AER²/Gross³
6 Month
AER²/Gross³
9 Month
AER²/Gross³
12 Month
AER²/Gross³
 GBP0.75%0.90%1.10%1.25%
 USD2.00%2.20%2.40%2.60%

Key Features:

  • Interest is paid on maturity
  • Early withdrawal is not permitted

Bank Base Rate for Lending

KH Bank Base Rate is a variable interest rate set by Kleinwort Hambros. This rate reflects prevailing market interest rates in each respective currency.

 AER²/Gross³
 GBP 0.75%
 USD 2.25% 
 EUR 0.00% 

Explanatory Notes

Rates are correct as of 19/10/18

All products are subject to terms and conditions, which may change.
¹ Retail Private Banking Deposit Solutions are available to individuals and personal accounts. For Corporate account deposit solutions please contact your Private Banker.
² AER: is a notional rate which illustrates the contractual interest rate (excluding any conditional bonus payable) as if paid and compounded on an annual basis. 

³ Gross Rate: is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (the ‘specified rate’);
SGPB Hambros Group does not provide tax advice. The level of taxation depends on individual circumstances and such levels and bases of taxation can change. You should seek professional advice in order to understand any applicable tax consequences.

Please contact us or your private banker if you have any questions.

Financial Services Compensation Scheme (FSCS)

The FSCS is the UK’s statutory compensation scheme for customers of authorised financial services firms. The FSCS can pay compensation if a firm is unable, or likely to be unable, to pay claims against it.

FSCS is an independent body, set up under the Financial Services and Markets Act 2000 (FSMA). It is funded by a levy on authorised financial services firms. The scheme covers deposits, insurance policies, insurance brokering, investments, mortgages and mortgage arrangements. Details of the compensation limits for bank deposits and investments.

Compensation Limits

The actual level of compensation receive will depend on the basis of the claim. The FSCS only pays compensation for financial loss. Compensation limits are per person per firm, and per claim category as listed below.

The maximum levels of compensation are:  

Deposits:

£85,000* per person per firm (for claims against firms declared in default from 30 January 2017).

Temporary High Balances:  

From 3 July 2015, the FSCS will provide a £1 million protection limit for temporary high balances held with a bank, building society or credit union if it fails.

Please see attached link to the FSCS for further information http://www.fscs.org.uk/what-we-cover/compensation-limits/