Fixed Term Deposit Accounts Clause Samples

Fixed Term Deposit Accounts. 2.13.1. The period of a Fixed Term Deposit Account is established at the start of each deposit and will be agreed between you and us in writing in accordance with these Terms. The maturity date of the deposit must be a Business Day and if it falls on a day which is not a Business Day, the maturity date shall be deemed to be the next Business Day. 2.13.2. A confirmation will be sent or made available to you at the beginning of each Fixed Term Deposit Account period detailing the amount of the deposit, the interest period, the interest rate or basis for calculation and the renewal instructions. 2.13.3. The interest rate on a Fixed Term Deposit Account will be detailed in the confirmation. 2.13.4. In providing and operating Fixed Term Deposit Accounts we need to impose the following instruction deadlines: a) in respect of sterling and US dollar deposits, 10.00am on the maturity date of the deposit; and b) currency deposits other than sterling and US dollar deposits, 10.00am two Business Days prior to the maturity date. 2.13.5. We will endeavour to contact you shortly before the maturity of a Fixed Term Deposit Account to remind you of the forthcoming maturity date and your existing instructions, if any, and to obtain your instructions. If you wish to amend the instructions for the renewal of a maturing Fixed Term Deposit Account we must be in possession of your amended instructions by not later than the instruction deadline (see term 2.13.4). 2.13.6. Unless you instruct us to the contrary by the required instruction deadline at the maturity of a Fixed Term Deposit Account, we will return the funds plus interest (converting the sums to sterling where necessary) to your Current Account.
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Fixed Term Deposit Accounts. 11.1 This clause 11 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 11 is inconsistent with any other clause of this Agreement, in respect of Fixed Term Deposit Accounts, this clause 11 shall prevail. 11.2 We only allow cleared funds to be transferred into your Fixed Term Deposit Account. Therefore, a cheque used as a deposit must be paid into your current account then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit Account. You will receive the interest rate applicable once the funds have been transferred into your Fixed Term Deposit Account. 11.3 The interest rate you receive is a Managed Rate and is fixed for the term of the Fixed Term Deposit Account and is calculated daily on the cleared balance. We will tell you what the applicable interest rate is when your Fixed Term Deposit Account is opened. 11.4 We will pay you interest when we repay your deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose. 11.5 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening. 11.6 No early withdrawals of capital are allowed during the term of the Fixed Term Deposit Account either in whole or in part. 11.7 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Account.
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Fixed Term Deposit Accounts. To open a Fixed Term Deposit Account with us in GBP, USD and EURO, you must have cleared funds as a Fixed Deposit. If you intend to open such an account against a cheque then you must wait until the cheque is cleared in your current account with us. The minimum balance requirement for opening a Fixed Term Deposit Account with us is £35.000.00 (thirty five thousand Sterling), EURO 50,000.00 (fifty thousand Euro) and 55,000.00 (fifty five thousand USD), subject to Managements approval. Once your Fixed Deposit account is opened you shall receive the interest rate applicable. The interest rate we offer for our Fixed Term Deposit Accounts are at the managed rate of our Bank and it shall be fixed for the term of your Fixed Deposit. Deposit Account interest rates are determined on daily basis. We will tell you the applicable interest rate when your Fixed Deposit Account is opened. You will receive your total interest when we repay your deposit at maturity. Once your deposit is fixed for a term you cannot make additions to your initial deposit amount but you can open more than once Fixed Deposit Account with different maturities. Each fixed Deposit will receive our bank’s managed interest rate at the time of opening. You are not allowed to make early withdrawals of capital (either whole or partial) from your Fixed Term Deposit Account. Before the maturity of your fixed term deposit account it is your responsibility to contact us two bank working days in advance otherwise your subject account will be renewed for the same term at the prevailing interest rate when it matures.
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Fixed Term Deposit Accounts. For security reasons, we may not allow another person access to all of the Services we provide to you. If we do allow them to use a Service, you can tell them your security details as long as they agree to keep them safe.
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Fixed Term Deposit Accounts. If you, or any of the joint Account holder(s) becomes bankrupt we may freeze the joint Account until we receive instructions from the other joint Account holder(s) and from the trustee in bankruptcy of the bankrupt joint Account holder.
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Fixed Term Deposit Accounts. 1This clause 10 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 10 is inconsistent with any other clause of this Agreement then, in respect of Fixed Term Deposit Accounts, this clause 10 shall prevail.
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Fixed Term Deposit Accounts. This is an interest bearing Account intended for saving.
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Related to Fixed Term Deposit Accounts

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

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  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.