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Services > Banking > Services > Offshore Moneymarket Call account > Terms and conditions
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- The Offshore Moneymarket Call Account ('the account') is available to personal clients in Sterling, US Dollar and Euro.
- The minimum deposit required to open an account is £25,000, $50,000 or €50,000. Provided the account balance is maintained above £3,000, $5,000 or €5,000 then interest is calculated at the appropriate Offshore Moneymarket Call Account rate. If the balance falls below these levels then the account ceases to accrue interest.
- Interest rates will vary in line with market conditions and the balance held on the account.
- Interest is calculated on the daily cleared balance of the account and credited monthly on the last working day of each month.
- A bank statement is issued quarterly on the last working day of each calendar quarter. If the account has not been used during the preceding quarter, the Bank reserves the right to vary the statement frequency to half yearly.
- Deposits and withdrawals may be made at any time.
- Account holders are not permitted to overdraw the account.
- Should the account balance remain below the minimum opening balance level, the Bank reserves the right to amend the account type to a more appropriate product or to close the account.
- These Terms and Conditions should be read in conjunction with the Bank's General Terms and Conditions for Personal Accounts. The Bank reserves the right to vary, amend or add to these criteria at any time, with material amendments advised to account holders.
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