Skip Navigation

Client Deposit Services

The following types of Client Deposit accounts, available from BOI Business Banking Services are applicable to Solicitors, FSA regulated managers of client funds and Accountants :

General Client Account

  • For solicitors, stockbrokers, accountants and Estate Agents
  • Perfect for pooling client money
  • Interest paid Gross*, monthly or half yearly
  • Interest can be added to the account, or a nominated account
  • Minimum balance £1

Designated Client Account

  • For solicitors, stockbrokers and accountants on behalf of a named individual client or corporate body
  • Interest paid Gross* or Net† (depending on circumstances)
  • Interest paid monthly or half yearly
  • AER** set 0.3% below Bank of England Base Rate
  • Minimum balance £1

Escrow Account

  • Money held on behalf of 2 firms of solicitors
  • Dual Signatories, with Statements sent to both parties
  • Interest paid monthly
  • Interest paid Gross* or Net† (depending on circumstances)
  • Gross Rate set at Bank of England Base Rate minus 0.25%
  • Minimum balance £1

Term Deposit

  • Competitive Rates quoted daily Rate & term fixed at time of opening
  • Interest paid on maturity, or paid away to a nominated account monthly
  • Interest paid Gross* or Net† (depending on circumstances)
  • Minimum balance £50,000.
  • No withdrawals or deposits during the fixed term chosen.

Managed Rate Notice Account

  • For individuals, corporate bodies and professional firms
  • Tiered Interest Rates
  • Interest rates are set weekly, each Thursday, in line with current Money Market rates
  • A guarantee that Gross* rate will not fall below Bank of England Base Rate plus 0.10% for balances of £500,000+
  • 7 days notice is required
  • Minimum initial deposit £500,000

To enquire about any of the Client Deposit Accounts shown above click click here or call 0845 602 6973