Premier Deposit Account

Benefits

  • Invest your money for up to 7 Years and you will know exactly how much you will earn on your savings. 
  • You can have more than one Premier Deposit Account. 
  • Your eligible deposits with BLME, up to a total of £85,000, are protected by the Financial Services Compensation Scheme.
  • You may find a BLME Notice Account a better fit if you want to access your money more easily or add to your savings pot

 

Eligibility

To be eligible for this account, you must:

  • be a UK resident aged 18 or over
  • hold a UK bank account
  • apply online
  • Open an account with anything from £1,000 to £2 million. 
  • Once open early withdrawals or additional funds are not permitted. 
  • You will not start earning profit until we receive the full deposit amount you entered on your application form. 
  • All applications must be made online. You will not be able to view your account online. 
  • You can manage your personal details and redeposit maturing funds using the Existing Client section. 
  • Profit is calculated daily and paid at maturity or once a year into your nominated UK bank account. Monthly or Quarterly profit payments are not available.
  • If we change the expected profit rate we will advise you before you proceed with the deposit or give you the opportunity to exit your deposit. 
  • Your eligible deposits with BLME up to a total of £85,000 are protected by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above this limit are unlikely to be covered. For further information, please visit our T&Cs page or visit fscs.org.uk
  • These rates are indicative and only apply to the BLME Premier Deposit Account and are subject to availability. We may change the rates prior to depositing. Where the expected profit rate is lower than the indicated rate we will advise you of the new expected profit rate and will ask you whether you wish to proceed with your deposit.
  • *AER stands for Annual Equivalent Rate. If you left a sum of money in your account all year, the AER would be the profit rate you would get if we paid you profit during the course of the year and your subsequently higher balance then earned more profit by compounding. The AER will only be higher than the gross profit rate where we pay you profit more than once a year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
  • Gross rate is the profit rate paid on your account without deduction of any tax.
  • Deposits accrue on a 365 day annual calendar (or 366 days in a leap year).
  • As of 18th November 2019

Notice Account

Do you need Notice Account?

Click on link below to navigate to Notice Account details

Go to Notice Account

Awards

2019

Best Fixed Account Provider by Moneyfacts

2018

Best Fixed Account Provider by Moneyfacts

2017

Best Islamic bank in the UK by Islamic Finance News

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