Savings - Frequently Asked Questions

 Can I set up direct debits and standing orders?

No. This account is for a fixed term with no withdrawals permitted.

 Can my company open an account?

An individual, company, limited company, partnership, limited liability partnership, trust, club, society, association, sole trader or charity can open an AMC Deposit Direct Account.

 How can I monitor the interest rate?

Rates may be obtained by calling AMC on 01264 360560.

 I have never heard of AMC Bank before. Can you tell me who you are please?

AMC Bank is a wholly owned subsidiary of The Agricultural Mortgage Corporation PLC which was established in 1928 to provide loans for farmers. Today, we are a leading lender to agricultural businesses. The Agricultural Mortgage Corporation and AMC Bank are both part of the Lloyds TSB Group.

 When is the interest credited to my account?

Interest is calculated daily on the cleared credit balance and credited at maturity.

The Agricultural Mortgage Corporation plc is a wholly owned subsidiary of Lloyds TSB Bank plc. AMC Bank Limited is a wholly owned subsidiary of the Agricultural Mortgage Corporation plc. AMC Bank Limited is authorised and regulated by the Financial Services Authority.

AMC Bank Limited is a member of the Financial Services Compensation Scheme is established under the Financial Services and Markets Act 2000. Most deposits, including those made by individuals and small firms are protected by the scheme. Where you make a deposit to us in the UK, payments under the scheme are limited to 100% of the first £85,000 of your total deposits with us, resulting in a maximum payment of £85,000 (for claims against declared in default from 7 October 2008). The scheme also covers deposits made with our offices elsewhere in the European Economic Area, and deposits in all currencies are treated alike. A leaflet with further details is available from the scheme. Call their helpline on 020 7892 7300, log onto their website at www.fscs.org.uk or write to the Financial Services Compensation Scheme, 7th Floor Lloyds Chambers, Portsoken Street, London, E1 8BN.

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