UK based Butterfield Private Bank has introduced Butterfield 25 Deposit, a six month, fixed-term deposit account.
Designed for high net worth (HNW) and ultra high net worth (UHNW) clients, Butterfield 25 Deposit will allow clients instant access to 25% of their initial deposit. There will also be an opportunity to roll over the deposit on each maturity date.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The account will offer "competitive interest rates" on a tiered schedule, which will be based on the level of funds deposited in the account, according to Butterfield.
Clients will also be allowed to have more than one Butterfield 25 account.
Kim Hillier, head of private banking at Butterfield Private Bank, said the account has been "designed in response to the needs of clients who value the certainty of a fixed, high level of interest".
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
