Savings - Frequently Asked Questions

 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.

 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 High Interest Cheque Account.

 How can I monitor the interest rate?

The rate is published daily in the Financial Times. It can also be found here.

 Do you have different rates for different deposit amounts?

Our interest rate of 0.10% applies when the balance is above £5,000. 0.10% is also paid when the balance falls below £5,000. (Rates correct as at 11/02/2009)

 When is the interest credited to my account?

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

 Can I set up direct debits and standing orders?

Certainly. Just phone us on 01264 360560 to make the necessary arrangements.


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 £50,000 of your total deposits with us, resulting in a maximum payment of £50,000 (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.

Web site designed by Flare Imaging Ltd