Interest rates
Reserve account rates (with interest calculated
daily and paid quarterly)
| |
Minimum
balance |
Net % |
Gross % |
AER % |
| STERLING |
5,000 |
0.400 |
0.500 |
0.501 |
| US DOLLARS |
7,500 |
0.080 |
0.100 |
0.102 |
| EURO |
7,500 |
0.600 |
0.750 |
0.765 |
Focus account rates (with interest calculated
daily and paid monthly)
| |
Minimum
balance |
Net % |
Gross % |
AER % |
| STERLING |
5,000 |
0.400 |
0.500 |
0.501 |
| US DOLLARS |
7,500 |
0.080 |
0.100 |
0.102 |
| EURO |
7,500 |
0.600 |
0.750 |
0.765 |
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 rates are
subject to change but are correct as at
20 November 2008
.
Previous interest rates for all of the above are
available to view online.
Accumulation account rates (available to Isle of
Man and Jersey office Accountholders only)
| |
Minimum balance |
Gross % |
| STERLING |
5,000 |
0.500 |
| US DOLLARS |
7,500 |
0.100 |
| EURO |
7,500 |
0.750 |
Indicative high interest accumulation account
rates (available to Isle of Man and Jersey office
Accountholders only)
| Deposit £ |
Gross %
|
|
50,000 – 99,999
|
2.000%
|
|
100,000 –
249,999
|
2.250%
|
|
250,000 – 499,999
|
2.500%
|
|
500,000 – 999,999
|
2.650%
|
|
1,000,000+
|
2.750%
|
| Deposit € |
Gross %
|
|
75,000 – 149,999
|
2.250%
|
|
150,000 –
349,999
|
2.500%
|
|
350,000 – 749,999
|
2.750%
|
|
750,000 – 1,499,999
|
2.900%
|
|
1,500,000+
|
3.000%
|
| Deposit
US$ |
Gross %
|
|
75,000 – 199,999
|
0.000%
|
|
200,000 –
499,999
|
0.250%
|
|
500,000 – 999,999
|
0.500%
|
|
1,000,000 – 1,749,999
|
0.650%
|
|
1,750,000+
|
0.750%
|
Please note: The minimum balance must be maintained on an
accumulation account and/or a high interest accumulation account if
interest is to continue accruing.
The accumulation account and high interest accumulation
account are only available to Isle of Man or Jersey office
Accountholders and therefore are subject to gross interest paid
only upon closure of the account.
Previous interest rates for all of the above are
available to view online.
Indicative fixed term deposit rates (sterling)
|
Amount
|
£50,000 |
£100,000 |
| Interest rate |
Net % |
Gross % |
AER % |
Net % |
Gross % |
AER % |
| 1 month |
1.660 |
2.075 |
2.095 |
1.964 |
2.455 |
2.483 |
|
3 months
|
2.060 |
2.575 |
2.600 |
2.364 |
2.955 |
2.988 |
|
6 months
|
2.160 |
2.700 |
2.718 |
2.464 |
3.080 |
3.104 |
|
1 year
|
2.160 |
2.700 |
2.700 |
2.464 |
3.080 |
3.080 |
|
Amount
|
£250,000 |
£500,000 |
| Interest rate |
Net % |
Gross % |
AER % |
Net % |
Gross % |
AER % |
| 1 month |
2.100 |
2.625 |
2.657 |
2.220 |
2.775 |
2.811 |
|
3 months
|
2.500 |
3.125 |
3.162 |
2.620 |
3.275 |
3.315 |
|
6 months
|
2.600 |
3.250 |
3.276 |
2.720 |
3.400 |
3.429 |
|
1 year
|
2.600 |
3.250 |
3.250 |
2.720 |
3.400 |
3.400 |
Please note that these rates are subject to
change but are correct as at 17
November 2008.
For rates on all other currencies or structured deposit
services, please call our customer 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.
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.
Fairbairn Private Bank (IOM) Limited is licensed by the
Isle of Man Financial Supervision Commission to take deposits and
provide investment services. 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