Solutions for Clubs and Associations
Reserve Account for Clubs and Associations
A current account for clubs or associations that is available to be held in sterling, euro or US dollars with instant access and allowing up to 30 day to day transactions* per calendar month without incurring a transaction fee.
The minimum opening deposit is £5,000 per account with a minimum of £5,000 to be maintained in each account. If the account balance falls below the minimum required, a charge of £15 will be applicable in each calendar month that the balance is below the minimum. No interest is paid on balances below £100,000.
* Day to day transactions on this account are: cheque withdrawals; cash machine withdrawals, cash withdrawals over the counter; Visa Deferred-Debit Card purchases including recurring transactions; Standing Orders; Direct Debits; bill payments and electronic payments.
- Term Deposit Account
Our sterling Term Deposit Accounts are designed to provide clubs or associations with fixed interest rates on balances of £50,000 and above that can be deposited for an agreed term between 3 months and 36 months with an interest rate which is fixed on the day of deposit.
Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of UAE Arab investment Bank. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.
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.