Only available to professional firms and organisations that hold client funds.
Client Deposit Manager
Get instant access to funds you are holding for clients
Our Client Deposit Manager solution provides you with a quick and secure way to manage your client funds. The service gives you greater control of the administration of your client account needs and helps you to comply with regulatory obligations.
- Get instant access to funds
- Earn interest daily
- No monthly fees or withdrawal penalties
- Get separate accounts for each client or have just the one, it's up to you
- Get cheque books and credit books
What is the interest rate?
Rates effective up to 14th April 2020
| Balance | Gross rate | AER |
| £0-£999,999.99 | 0.20% | 0.20% |
| £1m+ | 0.30% | 0.30% |
Rates effective from 15th April 2020
| Balance | Gross rate | AER |
| £0+ | 0.01% | 0.01% |
Interest calculated daily and applied quarterly.
AER
Stands for Annual Equivalent Rate. It shows you what the rate would be if the interest was paid and compounded each year.
Gross Rate
This means the interest rate you are paid without deduction of income tax.