Conditions and availability. 1.1 When we hold a Deposit for you, it will be held for a Fixed Term. Accordingly, you will not be able to make payments to or from the Account in which the Deposit is held during that Fixed Term, and the terms relating to payments in this Agreement will not apply. Our conditions on early withdrawal of a Deposit are set out in paragraph 2 of this section (Withdrawals). 1.2 Each Transaction for a Deposit forms a separate agreement between you and us. 1.3 To request a Deposit, you must make your request on a Business Day. 1.4 Following your request, we may accept a Deposit from you if the following conditions are satisfied: (A) either: (1) you have an existing Account open with us in the Available Currency in which you wish to make the Deposit; or (2) you agree to open a new Account with us in the Available Currency in which you wish to make the Deposit; (B) if you have more than one Account in the Available Currency of the proposed Deposit, you have indicated which Account is to be used to service the Deposit; (C) if you have more than one Income Account in the Available Currency of the proposed Deposit, you have indicated which Account is to be used to receive income generated by the Deposit; (D) there is an amount at least equal to the amount of the proposed Deposit standing to the credit of the relevant Account; (E) the Deposit is for a minimum amount of £50,000 (or the equivalent amount in any relevant Available Currency) unless otherwise agreed by us; and (F) the amount of the Deposit which exceeds the minimum amount described above is in increments of not less than one one-hundredth of a relevant Currency Unit, save that Japanese Yen may only be provided in increments not less than one Currency Unit. 1.5 If the conditions set out in paragraph 1.4 are satisfied and we agree to accept Deposits from you, we will debit the relevant Account with the amount of the Deposit and promptly issue a Deposit Confirmation to you. 1.6 The Deposit Confirmation will confirm the amount, Available Currency, relevant Account details and (if applicable) Income Account details, term and interest rate applicable to the Deposit.
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Sources: Wealth Management Terms of Business, Wealth Management Terms of Business, Wealth Management Terms of Business