Raphaels Bank, private banking
   
Sapphire Account
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A "notice" deposit account offering very competitive interest and more flexibility than a fixed term bond.

Rates Annual Interest Net Interest
Twelve Month Notice      
£5,000 - £250,000 5.00 % Gross 4.00%  
       
Six Month Notice      
£5,000 - £250,000 4.75 % Gross 3.80%  

FEATURES

1. Minimum initial deposit £5,000, maximum balance £250,000 plus interest.

2. Additions can be made to the account at any time, up to the maximum balance.

3. Interest is paid annually 30th November,  either to a separate account or retained for capital growth.

4. Interest rates will be linked to Bank of England base rate.

5. Either 6 or 12 months written notice period for withdrawals.

6. One withdrawal of up to 10% of the account balance in any 12 month period is free of notice or penalty.

7. Available for personal customers only.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.

Interest will be paid gross to eligible non-taxpayers who register with us, otherwise it will be paid net of income tax at the prescribed rate.

Terms and Conditions apply

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