A current account for clubs or associations that is available to be held in sterling, euro or US dollars with instant access and allowing up to 30 day to day transactions* per calendar month without incurring a transaction fee.

The minimum opening deposit is $5,000 per account with a minimum of $5,000 to be maintained in each account. If the account balance falls below the minimum required, a charge of $15 will be applicable in each calendar month that the balance is below the minimum. No interest is paid on balances below $100,000.

* Day to day transactions on this account are: cheque withdrawals; cash machine withdrawals, cash withdrawals over the counter; Visa Deferred-Debit Card purchases including recurring transactions; Standing Orders; Direct Debits; bill payments and electronic payments.

Term Deposit AccountFor Trusts with funds of $50,000 or more Seal Bank can offer fixed term deposits between 3 months and 36 months, with an interest rate which is fixed on the day of deposit. Interest rates are fixed on the day of deposit and interest is paid out at maturity.

Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of Seal Bank. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.