Sussex Housing & Care extends provision of high quality accommodation
Learn about how a CAF Bank loan has supported Sussex Housing & Care's multiyear expansion project.
CAF Platinum Account
CAF Platinum Account - Summary box
This 95-day notice deposit account is currently not available for sale to new customers.
What is the interest rate?
Your interest rate is variable. The current annual rate is shown in the table below.
Balance | Quarterly Interest (variable) |
£0 - £19,999.99 | No interest paid |
£20,000 and above | Gross Rate1 2.40% / AER2 2.42% |
- Interest is calculated on your daily balance.
- Interest is paid quarterly to this account.
Can CAF Bank change the interest rate?
Yes, we can change the interest rate at any time. We will notify you of any change that does not benefit you 14 days before the change is made. For more information, please see section 20 of our General Terms and Conditions.
What would the estimated balance be after 12 months, based on a £20,000 deposit?
An illustration of the future balance is shown below.
Initial deposit
| Gross Rate1 / AER2 | Balance at 12 months |
£20,000 | 2.40% / 2.42% | £20,484.33 |
This is an illustrative example assuming that:
- You don’t withdraw or deposit any additional money.
- The interest rate stays the same and is paid quarterly.
- Interest is calculated on a cleared deposit for a full 12 months.
How do I manage my account?
- The minimum balance is £20,000.
- The maximum balance is £2,000,000.
- Instructions can be given by telephone, email or in writing.
- You must hold a CAF Cash Account to retain this account.
Can I withdraw money?
- Yes, you can make withdrawals from this account to your CAF Cash Account or CAF Gold Account.
- You must provide 95 days' notice of any withdrawal request. Instructions may be given by telephone, email or in writing.
Additional information
- This product is currently not available for sale to new customers.
- You can close this account at any time without any charge by providing 95 days' notice.
- Payments into and out of the account must be through your CAF Cash or CAF Gold Account. Any other credits will be rejected.
- Interest paid is Gross1.
- Please read our CAF Bank General Terms and Conditions and CAF Platinum Account - Account Terms.
- You can view our historical interest rates here.
If you have any questions about your CAF Platinum Account, please contact us.
Contact us1Gross means that interest will be paid without tax deducted. You are responsible for paying any tax due to HMRC.
2AER stands for Annual Equivalent Rate and illustrates what the interest rate would be over a year if interest was paid and compounded quarterly.
Protecting your money
Your eligible deposits held by CAF Bank are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Please view the FSCS leaflet for
further information or visit www.fscs.org.uk.
This product is provided by CAF Bank Ltd.
CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).
CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.
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