TREASURY SERVICES

Treasury deposits and treasury services

We offer a choice of time deposits 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.

If you are looking to save between £1,000 and £500,000 you may be interested in our range of Savings Accounts for Business, please click here for more information.

Who can invest in time deposits?

Financial institutions, public sector authorities, other corporate entities, universities, colleges, schools, clubs, societies, charities and unincorporated associations which are registered in the United Kingdom for tax purposes.

How long can I invest in time deposits?

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 SONIA 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 11th largest building society in the UK with total assets of £2.3bn. 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.

A key indicator of the Group's capital strength is its Common Equity Tier 1 capital ratio. At 31 December 2021 this stood at 17.9%.

UK Money Markets Code

National Counties acknowledges the UK Money Markets Code and is committed to adhering to the principals set out therein as confirmed in the statement of commitment found here.

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 845320 or 01372 845321 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.