Interest rates
Reserve account interest rates (with interest
calculated daily and paid quarterly)
| |
Minimum
balance |
Net % |
Gross % |
AER % |
| STERLING |
5,000 |
0.000 |
0.000 |
0.000 |
| US DOLLARS |
7,500 |
0.000 |
0.000 |
0.000 |
| EURO |
7,500 |
0.080 |
0.100 |
0.100 |
Focus account interest rates (with interest
calculated daily and paid monthly)
| |
Minimum
balance |
Net % |
Gross % |
AER % |
| STERLING |
5,000 |
0.000 |
0.000 |
0.000 |
| US DOLLARS |
7,500 |
0.000 |
0.000 |
0.000 |
| EURO |
7,500 |
0.080 |
0.100 |
0.100 |
Please note: The minimum balance must be maintained on a
Reserve and/or Focus account if interest is to continue
accruing.
Please note that all of the above interest rates
are subject to change but are correct
as at
30 July 2010
.
Previous interest rates for all of the above are
available to view online.
Indicative fixed term deposit interest rates (sterling)
| Amount |
£50,000 |
£100,000 |
| Interest rate |
Net % |
Gross % |
AER % |
Net % |
Gross % |
AER % |
| 1 month |
0.040 |
0.050 |
0.050 |
0.040 |
0.050 |
0.050 |
| 3 months |
0.040 |
0.050 |
0.050 |
0.040 |
0.050 |
0.050 |
| 6 months |
0.040 |
0.050 |
0.050 |
0.224 |
0.280 |
0.280 |
| 1 year |
0.200 |
0.250 |
0.250 |
0.504 |
0.630 |
0.630 |
| Amount |
£250,000 |
£500,000 |
| Interest rate |
Net % |
Gross % |
AER % |
Net % |
Gross % |
AER % |
| 1 month |
0.040 |
0.050 |
0.050 |
0.040 |
0.050 |
0.050 |
| 3 months |
0.040 |
0.050 |
0.050 |
0.240 |
0.300 |
0.300 |
| 6 months |
0.360 |
0.450 |
0.451 |
0.480 |
0.600 |
0.601 |
| 1 year |
0.640 |
0.800 |
0.800 |
0.760 |
0.950 |
0.950 |
Please note that these interest rates are subject
to change but are correct as
at 26 July 2010.
For interest rates on all other currencies or structured
deposit services, please call our client services team on
+44 (0)1624 645000.
Net - The rate after the deduction of tax applicable to
interest, currently 20%. Higher tax rate payers will have an
additional liability.
Gross - The rate before the deduction of tax applicable to
interest on savings accounts. Please note that you must declare any
interest earned to the income tax authorities in your country of
residence. If you are an individual, resident within the EU, your
interest may be subject to a retention tax charge.
AER - annual equivalent rate: This is a notional rate which
illustrates what the gross rate would be if interest were paid and
compounded each year.
Fairbairn Private Bank is a registered trade name of
Fairbairn Private Bank (IOM) Limited and Fairbairn Private Bank
Limited.
The parent of Fairbairn Private Bank is Nedbank Group
Limited, which is incorporated in South Africa and is regulated by
the South African Reserve Bank. The ultimate parent of Fairbairn
Private Bank is Old Mutual plc, which is incorporated in England
and Wales. Fairbairn Private Bank places limited funds with
other parts of its group and thus its financial standing is linked
to, albeit not wholly dependent upon, that of the group.
Fairbairn Private Bank has its own independent credit rating from
the international credit rating agency, Moody’s. Depositors
may wish to form their own view of the financial standing of
Fairbairn Private Bank and the group based on publicly available
information. The latest report and accounts and details of the
credit
rating are available online.
Fairbairn Private Bank (IOM) Limited is licensed by the
Isle of Man Financial Supervision Commission. Registered office: St
Mary’s Court 20 Hill Street Douglas Isle of Man.
The London office is authorised and regulated in the UK by
the Financial Services Authority.
Fairbairn Private Bank Limited is regulated by the Jersey
Financial Services Commission. Registered office: Fairbairn House
31 The Esplanade St Helier Jersey. Latest audited accounts are
available on request.
Authorised and regulated in the UK by the Financial
Services Authority in respect of regulated mortgage contracts
only.
UK Financial Services Authority registration
numbers:
Fairbairn Private Bank (IOM) Limited 313189
Fairbairn Private Bank Limited 313187
South African Representative Office established in terms
of Section 34 of the Banks Act 94 of 1990.