Treasury Services
Treasury deposits and treasury services
We offer a choice of time deposits and certificates of deposit offering high rates of interest that closely mirror those available on the London money markets.
Whether your priority is guaranteed returns or ready access to your funds, we can tailor a package for deposits from 1 month to 5 years to meet your individual business, corporate or association needs.
How much can be invested in time deposits?
The minimum deposit that Treasury Services will accept is £500,000 and the maximum amount is £25 million.
Who can invest in time deposits or certificates of deposit?
1. Large companies or other corporate bodies (e.g. LLP, charity established by Royal Charter)
These must satisfy at least 2 of the following 3 criteria in the last two financial years:
(i) corporate turnover balance exceeds £6.5 million
(ii) corporate balance sheet total exceeds £3.26 million
(iii) corporate employees total more than 50.
2. Large mutual associations or unincorporated associations
These must have net assets of more than £1.4 million.
How long can l invest in time deposits or certificates of deposit?
Deposits can be made for between one month and five years. Specific maturity dates will be negotiated with Treasury Services
Treasury Deposit Rates
Competitive interest rates are quoted by our Treasury Services department to reflect market conditions. Fixed or Variable (linked to LIBOR or Bank of England bank rate) rates are available and are negotiated with depositors depending on the amount and the deposit term.
Credit ratings
National Counties is the 13th largest building society in the UK with total assets in excess of £1.2bn. Whilst relatively active in the wholesale money market, it does not presently engage in the large ticket funding transactions that would warrant a formal credit rating.
As a point of reference, though, the Society's Reserves (Core Tier 1 Capital) to Assets Ratio at 31 December 2010 was 9.2% against the average for its peer group based on 2009 results of 4.43%. Source: KPMG 2010 Building Societies Database. Furthermore the Group's risk weighted core Tier 1 capital ratio was over 20% at 31 December 2010.
Find out more about our Treasury Services and making time deposits
Our Treasury Services department is responsible for raising wholesale funding. For further details about making a Treasury Deposit please call 01372 845 320 or 01372 845 321 or complete our treasury deposits enquiry form.
Additional information about the Society and copies of our Annual Report & Accounts is available - please click here to be taken to the relevant page.
You will not receive any advice or recommendation from us. Treasury deposits accepted by us are not covered by the Financial Services Compensation Scheme.
Treasury Services
Authorised and Regulated by the Financial Services Authority. FSA Register Number: 206080
National Counties introduces its customers to Legal and General for advising on and arranging life assurances, pensions and investment products bearing Legal and General's name.
