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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.