Fixed Term Deposits

Helms Trust Plc. offers a number of Fixed Term Deposit Accounts in GBP and USD denominations. Details of the interest rates, minimum and maximum deposit amounts and term lengths can be found below:

GBP Fixed Term Deposits
Term	Interest Rate (AER)	Minimum Deposit	Maximum Deposit
Term 1 Year	4.72%	£2,000	£1m
Term 2 Year	4.68%	£2,000	£1m
Term 3 Year	4.63%	£2,000	£1m
Term 4 Year	4.26%	£2,000	£1m
Term 5 Year	4.52%	£2,000	£1m
Term 7 Year	3.50%	£2,000	£1m
USD Fixed Term Deposits
Term	Interest Rate (AER)	Minimum Deposit	Maximum Deposit
Term 1 Year	2.00%	$25,000	$1m

Rates correct as at 19.04.2024

For deposits larger than the Maximum Deposit amount, please contact a member of the Customer Services Team on +44 (0) 121 753 6000 Monday to Friday from 9:15am to 5:15pm.

1. You can choose to have your interest paid monthly (for 1, 2, 3, 4, 5, and 7 year FTD), annually (for 2, 3, 4, 5, and 7 year FTD), or on the maturity of the deposit for all Accounts.
2. Interest is paid away for all frequencies and is not compounded. Please refer to the Interest Rate Sheet for Gross Rates on different interest payment options.
3. Interest is calculated daily and credited monthly, annually, or at maturity of the deposit depending on your selection.
4. The interest rate frequency cannot be amended once the selection has been confirmed.
5. Interest will be paid out to the account that you nominate at the time of account opening. This account must be a US bank account in your name.
6. Should you wish to change the nominated account during the course of the Fixed Term Deposit, you will need to provide Helms Trust Plc. with written instructions to do so that are signed and dated by all Account holders.

IMPORTANT NOTICE: Helms Trust Plc. does not compound interest and interest is not added to your principal amount on any selected interest payment frequency. If you have selected interest payment at maturity, at the end of your term you will have the choice to reinvest your principal and any accrued interest into a new term, or have the interest paid into your nominated account.

No.

This Account has a fixed rate of interest for the term you select and the rate will not change during this fixed period.

Below is an example of what the future balance might be after any accrued interest has been paid at the prevailing rate.

GBP Fixed Term Deposits
Term	Min. Deposit	Interest Rate (AER)	Balance at the end of term
Term 1 Year	£2,000	4.72%	£2,094.40
Term 2 Year	£2,000	4.68%	£2,191.58
Term 3 Year	£2,000	4.63%	£2,290.86
Term 4 Year	£2,000	4.26%	£2,363.20
Term 5 Year	£2,000	4.52%	£2,494.75
Term 7 Year	£2,000	3.50%	£2,544.56
USD Fixed Term Deposits
Term	Min. Deposit	Interest Rate (AER)	Balance at the end of term
Term 1 Year	$2,000	2.00%	$2,040.00

Helms Trust Plc. has used the following assumptions to produce the above calculations;

1. Calculations are based on a minimum deposit of £2,000
2. No change in the amount (no deposits, no withdrawals) for the duration of the fixed term
3. No change to the interest rate during the fixed term (the interest rate is fixed for the term of the deposit on all Fixed Term Deposit Accounts)
4. Interest payment on maturity

These projections are provided for illustrative purposes only and do not take into account individual circumstances.

Withdrawals are not permitted before the maturity date.

Early withdrawal (including partial withdrawal) is allowed only at the Bank's discretion and under extenuating circumstances. Please refer to the Personal Banking Terms and Conditions for further details.

1. This Account can be held in single or joint names.
2. There is a 14 day cooling off period for all Fixed Term Deposits.
3. If you decide to cancel within the 14 days we will not deduct Early Withdrawal Charges, but you will not be entitled to any accrued interest for the number of days the deposit has been with us.
4. Interest will be paid using the Gross Rate and tax will not be deducted where your interest is exempt.
5. Gross rate means we won't deduct tax from the interest we pay on money in your account. It's your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC) or other tax authorities that you are required to report to.
6. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time. IMPORTANT NOTE: Helms Trust Plc. does not compound interest on Fixed Term Deposits as interest is paid away to your nominated account.

Definitions:

To help you in your product selection, you may find the following definitions useful:

• Gross interest: the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
• AER (Annual Equivalent Rate): the AER illustrates what the true rate of interest would be if interest was paid and compounded each year. Please note that the actual interest rate, based on the interest payment frequency you chose, will be different to the AER advertised. If interest is credited more frequently to your nominated Account, the actual rate applied would be lower.

1	Can the Fixed Term Deposit be held under joint names?	Fixed Term Deposits can be held in single or joint names.
2	Are my funds in an FTD protected?	Helms Trust Plc. Fixed Term Deposits are covered by the Financial Services Compensation Scheme (FSCS) protection scheme. Deposits of up to £85,000, per eligible person or £170,000 for joint accounts, are protected under FSCS. For more information regarding FSCS .
3	What options do I have for opening the Fixed Term Deposit Account?	Helms Trust Plc. currently offers deposit terms ranging from 1 month to 7 years for GBP denominated accounts and 1 month to 1 Year for USD denominated accounts.
4	Can I change the interest rate option once I have opened the account?	The interest rate on a Helms Trust Plc. FTD is fixed for the duration of the term and cannot be changed after account opening.
5	How is the interest calculated and paid?	Interest is calculated daily and credited monthly, annually, or at maturity of the deposit depending on your selection. The interest rate frequency cannot be amended once the selection has been confirmed. Interest will be paid out to the nominated account provided at the time of account opening.
6	Why have I not received my interest payment?	If your interest payment falls on a non-business day, (e.g. weekends or bank holidays), we will process your interest payment on the following business day. Please allow 24-48 hours for the funds to reflect in your account.
7	What is gross interest?	Gross interest is the annual rate of interest payable before the deduction of income tax at the rate specified by law.
8	What is AER?	AER (Annual Equivalent Rate) illustrates what the true rate of interest would be if interest was paid and compounded each year. Please note that the actual interest rate, based on the interest payment frequency you chose, will be different to the AER advertised. If interest is credited more frequently to your nominated Account, the actual rate applied would be lower.
9	Is it possible to change my nominated account details?	Should you wish to change the nominated account during the course of the Fixed Term Deposit, you will need to provide Helms Trust Plc. with written instructions (signed and dated) by all account holders and send this to , Helms Trust Plc., 55 E 11th St #1OTH, New York, NY, 10003.. You can also send us a secure message using digital banking with your instructions.
10	Do I need to open a Current Account to apply for the Fixed Term Deposit Account?	You do not need a Helms Trust Plc. Current Account to open a Fixed Term Deposit Account.
11	Can I view my account online?	You are able to view your balance, details of your account and statements online through Digital Banking and Mobile Banking. If you have not registered for Digital or Mobile Banking, please visit https://helmstrustplc.com/ny and select 'Register' or search 'Helms Trust Plc. Mobile Banking' in your App Store and follow the instructions.
12	How do I close my FTD account?	Upon maturity of your FTD, you will have to opportunity to withdraw your funds and close your account.
13	What happens upon maturity of the Fixed Term Deposit?	We will write to you a minimum of fourteen (14) days before your Fixed Term Deposit matures to ask for your instructions with respect to what you would like to do with your Fixed Term Deposit money at the Maturity Date. Upon maturity, you can either: 1) Re-invest your funds with Helms Trust Plc.. 2) Partially withdrawal of your funds to the nominated account details provided at account opening. 3) Close your account and transfer all of your funds to a nominated account. If you wish to send the funds to a different account, name and you must provide written instructions that are countersigned before the account it due to mature. Please note that the nominated account must be held in your name. You can send us your instructions via secure message or by post to the following address: , Helms Trust Plc., 55 E 11th St #1OTH, New York, NY, 10003.. If you do not provide us with any instructions before the Maturity Date or we cannot reasonably comply with your instructions, we will reinvest your money in a Fixed Term Deposit, which has identical or similar terms to your Fixed Term Deposit which just matured. Any such reinvestment will be made at the prevailing Fixed Term Deposit interest rate for that term.