The following interest rates are available to Business Customers of Bank of China(UK) Limited.
Whilst the below provides information for All-in-One Fixed Term Deposit Account, it is not intended to be a substitute for reading the terms and conditions that apply to the account.
British Pound Sterling (GBP)
| Balances / Terms /Rate (AER) |
1 Month |
2 Month |
3 Month |
6 Month |
9 Month |
12 Month |
| £5,000 - £99,999.99 |
3.0% |
3.3% |
3.6% |
4.0% |
4.3% |
4.5% |
| £100,000 - £249,999.99 |
3.2% |
3.5% |
3.8% |
4.2% |
4.5% |
4.7% |
| £250,000 and above |
3.4% |
3.7% |
4.0% |
4.4% |
4.7% |
4.9% |
United State Dollar (USD)
| Balances / Terms /Rate (AER) |
1 Month |
2 Month |
3 Month |
6 Month |
9 Month |
12 Month |
| $8,000 - $99,999.99 |
2.7% |
2.9% |
3.1% |
3.5% |
3.65% |
3.8% |
| $100,000 - $249,999.99 |
2.9% |
3.1% |
3.3% |
3.7% |
3.85% |
4.0% |
| $250,000 and above |
3.1% |
3.3% |
3.5% |
3.9% |
4.05% |
4.2% |
Euro (EUR)
| Balances / Terms /Rate (AER) |
1 Month |
2 Month |
3 Month |
6 Month |
9 Month |
12 Month |
| €8,000 - €99,999.99 |
1.8% |
2.0% |
2.2% |
2.5% |
2.65% |
2.9% |
| €100,000 - €249,999.99 |
2.0% |
2.2% |
2.4% |
2.7% |
2.95% |
3.1% |
| €250,000 and above |
2.2% |
2.4% |
2.6% |
2.9% |
3.15% |
3.3% |
RMB (Renminbi)
| Balances / Terms /Rate (AER) |
6 Month |
12 Month |
| ¥20,000 - ¥99,999.99 |
0.38% |
0.58% |
| ¥100,000 - ¥199,999.99 |
0.58% |
0.78% |
| ¥200,000 - ¥299,999.99 |
0.78% |
1.08% |
| ¥300,000 - ¥399,999.99 |
1.08% |
1.58% |
| ¥400,000 - ¥499,999.99 |
1.58% |
2.08% |
| ¥500,000 and above |
2.08% |
2.28% |
Important Information
Annual Equivalent Rate (AER), it is a compounded interest where you earn interest on the interest you’ve already earned.
Interest is calculated daily, and is payable on maturity. We will not deduct any tax from the interest we pay you. You will need to pay any taxes you owe to HM Revenue & Customs (HMRC). For more information please visit HMRC’s website www.hmrc.gov.uk. The tax information provided is based on our understanding of current HMRC practice, which may change.
The Bank is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Please note that some corporate entities are excluded from the Scheme. For further information about the compensation provided by the FSCS and what is excluded from cover, please refer to the FSCS website at: www.fscs.org.uk. You can also obtain information about FSCS in our branches.
These products are available in branch and online.
Frequently Asked Questions
Can Bank of China (UK) Limited change the interest rates?
No, the interest rates are fixed during the deposit period.
How do I open and manage my account?
If you do not have a Fixed Term Deposit Account, you need to contact your branch Relationship Manager. If you already have a Fixed Term Deposit Account, you can access your funds and manage your account in branch or by using our online banking. The minimum balances for each deposit is ￡5,000 for GBP and $8,000 for USD and €8,000 for EUR.
Can I withdraw money?
Yes, you can withdraw your money in the Fixed Deposit Account at any time in Branch or through online banking, however you may loss all your interest or will only be entitled to part of the interest, and you will also have to pay an early withdrawal fee. More details can be found in our Ts&Cs or you can contact our staff, click here for branch details.
What happen after maturity?
When you first deposit the funds, you should decide whether the funds will roll over for the same fixed period. The new term will start with the rate applicable at the time, otherwise, you may transfer the funds after maturity.
