The account is available to UK Residents and Non Residents. Suitable to Business and Personal customers as well as other types of account holders (charities, clubs, societies, trusts, etc.).
You can apply to open an Easy Deposit Account with £100 (minimum balance) or more.
Interest is calculated on a daily basis on cleared credit balances and this will be paid at the end of each year on 31st December to your account. Click for interest rates.
You will receive your bank account statement annually.
As an account holder you will be entitled to reduced charges on money transfers to Turkey and Northern Cyprus in accordance with the published tariff.
No Standing Orders or Direct Debits will be allowed other than those authorising regular payments to Turkey and Northern Cyprus which may be permitted at the Bank's discretion.
You can have access to the balance on your account during banking hours without charge.