We open an account for you, as your bare trustee, at the Bank of London, which in turn deposits your funds liquid and unencumbered at the Bank of England.
We don't operate with the high costs of running a bank. Our role as trustee allows us to pass on much more of the base rate.
The interest on our accounts is set by the Bank of England, whereas ns&i can only pay what the Government permits.
We keep 10% of the interest you earn.
Your funds are held at the Bank of England, through our tech partners the Bank of London.
Yes. We'll provide you with frequent statements and updates on the interest you have earned on your account.
Your interest accrues daily and is paid monthly. On fixed-term 12-month accounts, your interest is returned with your principal sum.
For notice accounts, we will return your funds as soon as the notice expires. For fixed-term accounts, we will contact you in advance to seek your instructions.
The Bank of England will pay less interest to the Bank of London, who will pass on less to you. An drop in the base rate will automatically lead to an decrease in your returns.
Cash Deposit Manager funds are protected with layers of trust, segregation, safeguarding and even supported up to the FSCS limit in addition.
Accounts can be opened by UK entities, UK and EEA Nationals and UK residents.
The minimum deposit amount is £1,000,000.
Yes, for at least 3 months we require a balance of £1 million+.
There is no fixed maximum amount. We will agree a maximum amount with you as part of your onboarding, and review this periodically as your circumstances evolve.
As part of our regulatory registration, and our Certified B Corporation status, there are certain sources of wealth that we are unable to work with. If you are unsure of how to categorise your source of wealth, or have more than one, please do contact us or book a video call to discuss.
As part of our regulatory registration, and our Certified B Corporation status, there are certain jurisdictions that we are unable to work with. If you are unsure of how to categorise your jurisdiction, or have more than one, please do contact us or book a video call to discuss.
Account opening is as easy as sending us an email or booking a video call.
For your convenience, your account is set up to auto-renew. You agree that we may deduct your annual charges / membership fee from any balances held with us.
Subject to all of the usual compliance checks, we can open accounts in as little as 24-48 hours.
In order to be able to open an account, we will need to carry out the usual Know-Your-Client, source of funds and source of wealth checks.
At present, we can only open accounts in pounds sterling.
Once you have onboarded with us, we will provide you with account details to transfer money into your accounts.
DOS & Co. is a business that caters to the ultra-wealthy, entrepreneurs and those who support them. It provides legal and financial services.
No. DOS & Co. is a registered payment service provider.
The Bank of London doesn't serve private clients or charities directly. For corporate customers, by virtue of our buying power with the bank, we are able to offer better rates and fees than they offer to the public.
DOS & Co. has been trading since 2012 and has been profitable every single year since.
Our client portal systems are air-gapped from our transaction systems and our integrations use bank-level encryption and security technology.
DOS & Co. has a business continuity plan which is reviewed annually.
Your funds are protected with layers of trust, segregation, safeguarding and even supported up to the FSCS limit in addition.
We hold your funds as bare trustee. This means that they are not available to our creditors.
As your funds are safeguarded, they will not be available to the Bank of London's creditors. They will still be yours, and we will get them back for you.
In theory, before a central bank would become insolvent, it would be able to print more money. This makes the eventuality not only very unlikely, but probably impossible.
In principle, yes, though subject to the Scheme's own eligibility criteria.
Please do contact us if you have any further questions or would like any further information.
AER means "Annual Equivalent Rate" and is the interest rate you would earn in a 12-month period if you put your money in an account at the beginning and left it there for a full 12 months without adding to it or taking away from it, other than the interest you receive.
APR means "Annual Percentage Rate" is designed to be a clear comparison tool between products. It includes all interest and any fees, so is the net effect of the product on your wealth.
Interest rate 'blending' is the term given to placing different sums in different accounts on different rates of interest to arrive at an overall, or 'blended' interest rate on the funds.
Compounding in interest is the effect of having a sum of money which earns interest over a period. Over the following period, the interest is earned on the original sum and the amount of interest earned so far.
Liquidity in investment terms simply means 'how quickly you can turn your investments into cash'.