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Solicitors' Reserve Account
Solicitors' Reserve Account is an instant access account specially designed for solicitors and allows you to earn interest on your clients' account on a day-to-day basis. This account operates in tandem with your clients' current account. When there are surplus funds in the clients' current account you can transfer them to your Solicitor's Reserve account which earns credit interest. The only requirement is that the funds that are transferred are from a designated 'clients' account'.
Key Benefits
- Rates are tiered so the more you save the more you earn
- Instant access to funds
- No penalties for withdrawals
- Account can be registered on Bankline
Key Features
- Minimum balance of €5,000
- Maximum balance of €5,000,000
- Interest calculated daily and paid quarterly
- Chequebook available
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