Deposits
Bank of Ceylon (UK) Ltd offers a comprehensive range of banking services tailored to meet the needs of both individuals and businesses.
For Personal Customers:
- Savings Accounts: Competitive interest rates to help grow your money.
- Current Accounts: Easy, everyday banking with convenient access.
- Fixed Deposits: Secure your savings with guaranteed returns.
For Business Customers:
- Business Current Accounts: Manage daily operations with ease.
- Business Fixed Deposits: Make the most of surplus funds with stable growth.
Personal and business banking, at your fingertips
As a UK-regulated institution authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, Bank of Ceylon (UK) Ltd is committed to delivering secure, transparent, and customer-focused banking services through a personalised and relationship-driven approach.
Personal Current Account
Our Current Account offers a simple and convenient way to manage your day-to-day finances, supported by our traditional, personalised customer service
Personal Savings Account
Our Personal Savings Account offers a simple and secure way to save your hard-earned money, while providing flexibility for day-to-day banking needs.
Fixed Term Deposit Account
Place your money in a Fixed Term Deposit and enjoy the peace of mind that comes with knowing exactly how much interest you will earn.
Business Current Accounts
Our Business Current Account is designed to support the financial needs of your business with reliable, flexible, and personalised banking services.
Personal Current Account
Enjoy simple, reliable banking with our GBP Current Account, designed for your day-to-day needs.
Available in GBP with a minimum opening deposit of £250, the account includes useful features such as a cheque book, regular monthly statements, and the ability to set up standing orders for recurring payments.
It supports inward BACS transfers and standing orders from UK accounts, as well as cheque collection services. Withdrawals can be made in person, by cheque, or via bank transfer.
Subject to financial assessment, overdraft facilities may also be available.
A monthly account maintenance fee of £5 will apply if the balance falls below £250 during the month.
Personal Savings Account
Save with ease and earn interest on your hard-earned money with our Personal Savings Account.
Available in GBP, the account requires a minimum initial deposit of £250, which must also be maintained to qualify for interest.
Interest is calculated daily and credited twice a year, in June and December.
Customers benefit from quarterly statements, unlimited withdrawals (subject to maintaining the minimum balance for interest eligibility), and access to standing orders and inward BACS transfers from UK accounts.
Withdrawals can be made in person or via transfer to any UK bank account.
- A £5 monthly maintenance fee applies if the balance falls below £250.
- The current interest rate is 1.25% gross/AER.
To open an account, documentary proof of identity and residential address is required, such as a valid UK/EU passport or full UK photo card driving licence.
Please contact us to arrange an appointment or discuss your requirements further.
Fixed Term Deposit Account
Enjoy guaranteed returns with a Fixed Term Deposit, offering a secure way to grow your savings.
Deposits can be made for a term of your choice, ranging from 3 months to 60 months, with a fixed interest rate that remains unchanged throughout the selected period.
You can invest any amount from £1,000 to £500,000, and interest will be paid in full at maturity along with your initial deposit.
Your funds are protected under the Financial Services Compensation Scheme (FSCS) up to £120,000.
Early withdrawals are permitted only in specific circumstances, such as the death of the account holder or proven financial hardship, subject to the Bank’s approval.
In such cases, interest will be calculated at the prevailing rate of our variable savings account (currently 1.25% p.a.) for the completed deposit period.
Business Current Accounts
Manage your business finances with ease using our Business Current Account, designed to support your daily banking needs.
Available in GBP with a minimum opening deposit of £500, this account offers a range of features to help you manage your day-to-day transactions efficiently.
Benefits include a cheque book, regular monthly statements, the ability to set up standing orders, and acceptance of inward BACS transfers and standing orders from UK accounts. Cheque collection services are also available.
Withdrawals can be made in person, by cheque, or via transfer to any UK bank account. Subject to a financial assessment, overdraft facilities may be available to support short-term funding needs.
A monthly account maintenance fee will apply, based on the charges prevailing at the time.
Our dedicated team is committed to providing the personalised support your business deserves.
All investments involve some level of risk. BOC UK does not provide investment advice and It is important before deciding to purchase any product or services to seek advice from suitably qualified sources. BOC UK will try to understand your requirements and ensure you are aware of the risk associated with it and that you understand the risks you may enter into. This understanding will form the basis of the recommendations that we make.
