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 |
2.50% |
2.80% |
3.10% |
3.50% |
3.80% |
4.00% |
| £100,000 - £249,999.99 |
2.70% |
3.00% |
3.30% |
3.70% |
4.00% |
4.20% |
| £250,000 and above |
2.90% |
3.20% |
3.50% |
3.90% |
4.20% |
4.40% |
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 |
2.20% |
2.40% |
2.60% |
3.00% |
3.15% |
3.30% |
| $100,000 - $249,999.99 |
2.40% |
2.60% |
2.80% |
3.20% |
3.35% |
3.50% |
| $250,000 and above |
2.60% |
2.80% |
3.00% |
3.40% |
3.55% |
3.70% |
Euro (EUR)
| Balances / Terms /Rate (AER) |
1 Month |
2 Month |
3 Month |
6 Month |
9 Month |
12 Month |
| €8,000 - €99,999.99 |
0.95% |
1.15% |
1.35% |
1.65% |
1.80% |
2.05% |
| €100,000 - €249,999.99 |
1.15% |
1.35% |
1.55% |
1.85% |
2.10% |
2.25% |
| €250,000 and above |
1.35% |
1.55% |
1.75% |
2.05% |
2.30% |
2.45% |
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 manage your funds and access your account either in branch or by using our online banking service. The minimum deposit amounts are:
- £5,000 for GBP
- $8,000 for USD
- €8,000 for EUR
- ¥20,000 for RMB
Can I add more funds to my Fixed Term Deposit during the deposit period?
No, you cannot add money to your fixed rate saving account after the start date.
Can I withdraw money?
Yes, you can withdraw your money from the Fixed Term Deposit Account at any time, either by visiting a branch or using our online banking service.
However, if you hold a Corporate All-in-One Fixed Term Deposit account and cancel it before maturity date, there is a £30 fee. In such case, you may lose all your interest or will only be entitled a part of the interest. Please refer to Summary Box in section “
Can I withdraw money during the fixed term deposit period?” for further information on interest loss. Also, more details can be found in our Terms and Conditions or you can contact our staff.
click here for branch details.
What happen after maturity?
When you first deposit your funds, you should decide whether the funds will roll over for the same fixed period. If you choose to roll over, the new term will start with the interest rate applicable at that time. Alternatively, you may transfer the funds to the designated account as per instruction given.
You will receive a notice before the maturity date with the options available to you. This will enable to decide if you roll over, transfer the funds or close your account. Please refer to the Summary box section “Can I withdraw money during the fixed term deposit period?” for more details.
