Reserve Account
The Fairbairn Private Bank Reserve Account is
designed with the sophisticated client in mind. It combines a
wide range of practical features, together with the option of
multi-currency dealings.
The minimum initial deposit is £5,000, US $7,500 or €7,500.
Easy access
The Fairbairn Private Bank Reserve Account is essentially
an interest bearing current account. For any of the world's three
leading currencies you have easy access to your money at any time.
For personal account holders who hold an account in sterling, there
is a £250 cheque guarantee facility for use within the British
Isles, incorporated within the Gold Status Visa card.
Sterling accounts can have standing orders and direct debits set
up within the British Isles. So, even if you are abroad, you can
rest assured all your regular bills will be paid promptly.
A choice of currencies
The Fairbairn Private Bank Reserve Account can be
denominated in any major currency. If you hold deposits in
sterling, US dollars or euro, you can take advantage of Gold Status
Visa card facilities and a currency chequebook (available in
sterling only). Commission-free foreign exchange dealing allows you
to buy and sell in all major currencies, with no minimum or maximum
size of deal.
Competitive interest rates
The Fairbairn Private Bank Reserve Account pays gross*
competitive interest, calculated daily and credited to the account
on a quarterly basis. Our interest
rates are available to view online.
* Gross - the rate of interest paid without deduction of tax.
Please note that if you are an individual, resident within the EU,
your interest may be subject to a Retention Tax charge. A
flow chart is available to
help you determine if you are affected or not and what you
need to do next. Important - you must declare any interest earned
to the income tax authorities in your country of residence.