Sovereign 30 Account - Issue Three

  • Our Sovereign 30 Account is designed to enhance the rate of interest for your clients’ savings where they do not require immediate access to their funds.

    The minimum opening deposit is £5,000 per account with a minimum balance of £5,000 to be maintained in each account. If the account balance falls below the £5,000 minimum required, a charge of £15 will be applicable in each calendar month that the balance is below the minimum.

    The Account allows clients to make an unlimited number of withdrawals free of charge, provided that they are able to give us 30 days’ notice.

    As an added feature of this account, we also allow one ‘without notice' withdrawal free of charge each calendar year of up to £2,500 if the account balance is greater than £5,000. Any additional ‘without notice' withdrawals will be subject to a charge equivalent to 30 days' interest on the amount withdrawn.

    As a further benefit, clients can select to have the monthly interest credited to another linked account so that it may be accessed more easily (providing the balance remains over £10,000). Interest is only paid on balances that remain at £5,000 or more.

    Please see the Sovereign 30 Account Factsheet and Personal Terms and Conditions for more information.

    Interest rates are variable, please see current available interest rates.

Notice of Variation to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions
We are making some changes to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions, which will come into effect on 01 January 2016. Please view details for further information.