Put your client’s funds away for a fixed term
The longer you can put client funds aside, the higher the interest rate
Flexible fixed terms, from 1, 2 or 3 years
If you need the money sooner, you can close your account early, at an adjusted interest rate of 1.00% AER*
| Interest rate | Minimum balance | Interest payment frequency |
|---|---|---|
|
Up to 3.70% AER* |
£500,000 | Paid on maturity, unless the account is closed early (calculated daily) |
The amount of interest you earn depends on how long you put the money away for:
| Term | Rate (AER)* |
|---|---|
| 1 year | 3.70% |
| 2 years | 3.30% |
| 3 years | 2.80% |
*AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year.
There’s no set-up fee or monthly maintenance fee for this account.
We will charge for some transactions and services such as international payments, CHAPS payments and an Auditor's Certificate of Balance. You can find all the details of our transaction and service charges in the downloadable PDF below.
Open in store – we’re open 7 days a week, including after work and at weekends.
Call the Business Team on 0345 08 08 508 or simply talk to your Relationship Manager.
This account is for Metro Bank Business Bank Account, Commercial Current Account or Client Premium Deposit Account customers who need to hold clients’ money in a bank account.
It’s typically used by solicitors and accountants, but other businesses that hold client money can benefit too.
If you want to deposit client funds for a shorter time, you may want to consider our Client Premium Deposit Account.
You can close your account whenever you like, whichever term you choose.
If you close your account early, the interest rate will be adjusted to 0.80% AER from the time the account was opened.
For example, if you choose a 1 year term but close it at six months, you will be paid interest at the rate of 0.80% AER not 4.26% AER for the time the money was in the account.
You can’t access your money during the term, but if you think you may need access to your money during this period, please consider the Metro Bank Community Instant Access Deposit Account.
Interest and funds on maturity will be paid into your nominated Metro Bank account.
Since 06 April 2016, interest on deposits has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.
Download our PDF to read when you like - it contains all the ins and outs of our Flexible Client Term Deposit Account.
Flexible Client Term Deposit Account Details (PDF) (787KB)
Our Service Relationship with Business Customers (PDF) (1.1MB)
When your account matures, your money will be paid into a Metro Bank Business Account that you nominate. This can be a Metro Bank Business Bank Account, Commercial Current Account or Client Premium Deposit Account.
Find out more about all of our Business Current Accounts.
Yes – you can use internet banking to see your account details, but you can’t make any transactions online from this type of account.
Find out more about internet banking.
You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Business Products.
The right deposit account can help you reach your goals. See our range of deposit accounts that will make your money work harder.
Earn variable interest on your savings.
Find solutions tailored to your industry. Talk to our experts who understand the challenges in your sector, from healthcare to property to financial services.
Your eligible deposits with Metro Bank are protected by the FSCS.