- Deposit Balance Requirements and Rates
Deposit Balance Requirements and Rates
Savings Deposit
USD
| Required Initial Deposit | Required Monthly Average Daily Balance | Required Daily Balance to Earn Interest | Interest Rate per Annum |
| USD 5,000.00 | USD 5,000.00 | USD 5,000.00 | 3.00% |
GBP
| Required Initial Deposit | Required Monthly Average Daily Balance | Required Daily Balance to Earn Interest | Interest Rate per Annum |
| GBP 5,000.00 | GBP 5,000.00 | GBP 5,000.00 | 2.25% |
1) ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in the account for a month divided by the number of days in that month. The formula for computing ADB is as follows:
ADB = (Day 1 ending balance + Day 2 ending balance …+ Day 30/31 ending balance)
Number of days in the month (i.e. 30/31 days)
2) Daily Balance is equivalent to end-of-day account balance.
3) Interest payment is calculated daily based on end of day account balances and credited monthly. No interest will be paid out in the event that you close your account before the date of credit.
Time Deposit
Board Effective Rates effective March 27, 2023
Board Effective Rates | ||||||
| Amount | GBP (%) | USD (%) | ||||
| 91 Days | 182 Days | 364 Days | 91 Days | 182 Days | 364 Days | |
| 5,000 - 9,999 | 3.500% | 3.750% | 4.000% | 4.000% | 4.250% | 4.500% |
| 10,000 - 84,999 | 3.500% | 3.750% | 4.000% | 4.000% | 4.250% | 4.500% |
| 85,000 - 149,999 | 3.500% | 3.750% | 4.000% | 4.000% | 4.250% | 4.500% |
| 150,000 and above | Call Treasury Unit for Quote | |||||
1) Interest rates are variable and we reserve the right to amend them from time to time.
2) Day count convention for GBP Currency day is 365.
For enquiries, you may call 0207 835 0088 or email us at bpinoy@bpieuropeplc.com.
S.T.A.R. Account
A savings account with electronic banking convenience of monitoring the growth of your funds.So start saving to build up some funds for your future.
Learn moreS.T.A.R. Plus Account
A time deposit product which allows placement of your funds for a fixed yield. Available in Great Britain Pound and US Dollar currencies.
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