Services

Multi-Currency Deposit Accounts

The Cayman National multi-currency deposit accounts are available in most major currencies with the following features:

  • Minimum balance of ¬£10,000 ( or currency equivalent)
  • No maximum deposit limit
  • Competitive variable rate of interest *
  • Electronic payment via BACS, CHAPS and SWIFT
  • Interest is paid quarterly in arrears (but credited daily)
  • Unlimited withdrawal without notice

Charges are only levied if funds are paid away outside of Cayman National.

Please note that you may have a tax liability in your country of residence in respect of any interest income received from Cayman National, and it is your responsibility to obtain the relevant tax advice, and to make any appropriate payments, returns and disclosures to the relevant tax authority in your jurisdiction of tax residency.

* Rate of interest linked to market rates, reviewed regularly and amended in line with prevailing market conditions

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