Solutions for Executors and Personal Representatives
An account with full banking facilities and instant access allowing up to 20 day-to-day transactions* per calendar month. The minimum opening balance is £5,000, with a minimum of £5,000 to be maintained on the 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. No interest is paid on balances below £100,000
- Term Deposit Account
Our sterling Term Deposit Accounts are designed to provide personal representatives or executors with a fixed interest rate on funds of £50,000 or over that can be deposited for an agreed term of 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.