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Euro Fixed
Deposits account

Your deposits with ABL are protected

Key Features:

  • A choice of 6 months fixed terms.

  • Competitive interest rates.

  • Fixed rate of interest guaranteed for the term of your bond.

  • Interest to be paid on maturity

EUR0.04%
The above rate is for the 6 Months Term fixed deposit

What is the interest rate?

CurrencyTermDeposit AmountInterest Rate Gross p.a.AER
EUR6 Months0 +0.00%0.00%
EUR6 Months100,000 +0.04%0.04%
EUR6 Months250,001 +0.04%0.04%
EUR6 Months500,001 +0.04%0.04%

Please note that a full breakdown of terms and respective rates can be provided by your Relationship Manager.

Interest is calculated for the period of the deposit and paid on maturity.

  • Interest is applied to the whole deposit amount.
  • Interest will be paid gross without prior deduction of tax.

*Gross is the rate of interest payable without the deduction of income tax. Interest is paid gross to your account and it is your responsibility to pay tax on any money you may owe to HM Revenue and Customs (HMRC) or to your relevant tax authority.

**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.

  • No additional funds can be deposited once the Fixed Deposit has been agreed.

Can Alpha Bank London change the interest rate?

No. The interest rate is fixed and will remain as agreed with you at the time you place the deposit. This means we will not change your interest rate during the term.

What would the estimated balance be on maturity, based on a €100,000 deposit?

6 Months0.04%100,020.33

The above example is provided for illustrative purposes only and assumes the following:

  • there are equal periods in the year (halves)
  • interest is calculated for the period of the deposit and paid on maturity
  • interest is rounded to the nearest Euro cent
  • no further deposits or withdrawals are made over the period

The above illustrative example does not take into account your individual circumstances.

How do I open and manage my account?

  • This product is available for existing customers only. Please contact your relationship manager on +44 (0)207 332 6767.
  • The minimum amount for a Fixed Term Deposit (GBP) is €50,000
  • There is no maximum amount for a Fixed Term Deposit (EUR).
  • If you would like to become a customer of Alpha Bank London please contact +44 (0)20 7332 6767.
  • You need to open and maintain a Current account with Alpha Bank London in order to place funds in a fixed term deposit product.

Can I withdraw money?

  • Cancellation and early withdrawal rights do not apply to this fixed term deposit product because the interest rate is fixed. The deposit must be held for the term.
  • At the end of the term, your initial deposit including any interest will be paid back to your Current account.

Additional Information

Additional deposits

  • No additional funds can be deposited once the Fixed Deposit has been agreed.

Terms & Conditions

  • Please read this “Key Product Information” document in conjunction with our Personal Terms & Conditions.

Financial Services Compensation Scheme (FSCS)

  • Your eligible deposits with Alpha Bank London Limited up to a limit of £85,000 are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme. For further information on the protection provided by the Financial Services Compensation Scheme please go on line to www.FSCS.org.uk or call us on +44 (0)20 7332 6767.

Prudential Regulation Authority (PRA) / Financial Conduct Authority (FCA)

  • Alpha Bank London Limited is Authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and Prudential Regulation Authority. Registered under number 135327 in the Financial Services register.

ALPHA BANK LONDON LIMITED
CAPITAL HOUSE
85 KING WILLIAM STREET
LONDON EC4N 7BL

Registered in England number 185070.
Tel: +44 (0)20 7332 6767. Calls may be recorded for monitoring and training purposes.
Email: info@alpha-bank.co.uk
Web: www.alphabanklondon.co.uk

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