Client Rate Sheet

  • Your Partner is introducing you to Metro Bank and not giving you advice on these savings products.
  • Your Partner has not sourced the whole market for the best rates.
  • St. James’s Place is paid an annual fee from Metro Bank of 0.05% on all accounts opened, calculated on the account balance, with the interest rates quoted net of this fee. Your Partner will receive a share of this fee.

Please note that the services provided by Metro Bank are separate and distinct from those offered by St. James's Place.

Trust accounts

instant access and fixed term trust accounts

Term

AER*
(interest rate)

 Interest paid Withdrawals Minimum balance
St. James’s Place Instant Access Trust Account
Instant access 0.20% variable Monthly Unlimited withdrawals £50
St. James's Place Fixed Term Trust Account    
12 months 4.71% Annually You can close your account within 14 calendar days: once you have passed the 14-day cooling-off period, you are not permitted to withdraw from or close your account before the end of the term £10,000
18 months 4.71%
36 months 4.71%

The tax status of Trust accounts will depend on the type of Trust held. Please speak to your tax adviser or HMRC to confirm the Trust tax position.

*AER (annual equivalent rate) is a notional rate used for interest-paying accounts which illustrates what the interest would be if paid and compounded each year. It helps you compare the effective rates of credit interest on different accounts.

All accounts are provided by Metro Bank PLC. Your eligible deposits with Metro Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please note that the amount covered under the trust accounts may differ from this amount, depending on the type of trust held. For further information visit www.fscs.org.uk [fscs.org.uk].

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Metro Bank PLC is an independent UK bank – it is not affiliated with any other bank or organisation (including the Metro newspaper or its publishers) anywhere in the world. “Metrobank” is the registered trademark of Metro Bank PLC.

SJP Approved 19/06/2023