Cash management

A home for surplus and short term funds

A cash management account is an ideal account to operate alongside a fixed term deposit account.

When your fixed term deposit account matures, simply transfer the funds to a cash management account while you consider your options for re-investment.

Your money continues to earn competitive interest rates in the cash management account.

Multi-currency flexibility
A cash management account is also suitable for keeping different currencies in one account. With a cash management account:

• You avoid the fees associated with converting funds to Sterling and remove the risks associated with currency fluctuation
• Overseas deposits are automatically added to the correct currency portion of your account
• You can have a charge card which allows you to make payments in euros or US Dollars. There is an annual fee for this card

• Instant access - penalty free withdraws at any time
• Interest paid quarterly - in March, June, September and December
• Tiered interest - paying higher interest rates on larger account balances
• Multiple-currency facility - hold funds in a number of major currencies, including US dollars and euros
• Make secure international payments - transfer money into any international account using SWIFT
• Remove exposure to currency risks - the account balance is held in the original currency
• Minimum balance £2,000 - or €2,000 or $2,000. For other currencies, the minimum balance is £10,000.