Corporate Treasury

Cash Deposit Manager

dos&co logo

Scroll

Cash Deposit Manager

Our corporate cash deposit manager provides high-interest, zero-risk savings accounts to corporate entities and trusts, delivering market-beating rates of return at the most attractive risk profile.

We do what no-one else does.

Our cash accounts offer better rates of interest than any high-street bank and zero-risk deposits, without any concerns about the FSCS threshold of £85,000, nor any requirement to spread your funds between banks for protection in the case of bank insolvency.

In fact, our accounts pay a higher rate of interest than any equivalent National Savings and Investments (ns&i) product (generally seen as the best form of protection) as well, and without the same £2 million cap on deposits.

For those with high-value ongoing deposit requirements, we are confident that there is no better service presently available.

Who are these accounts suitable for?

Our accounts are available to business and private clients and are particularly suitable for protecting funds:

  • following a liquidity event (business exit, significant asset sale, lottery win or similar);
  • following an inheritance, divorce settlement or successful court proceedings; or
  • that are surplus business operational funds.

How It Works



We are not a bank, but we've partnered with one. Our technology partners at The Bank of London have set up a direct link with the Bank of England to enable us to hold client funds, liquid and unencumbered at all times, at the Bank of England.

Our Trust Deed

We create a trust for every account that we open for you.  This is a 'bare trust' - at no stage do we own the funds - and that trust account comes with a unique sort code and account number, allowing you to deposit your funds in there directly by bank transfer. The funds are held through The Bank of London at the Bank of England in your name, not ours, so even if the worst should happen to us, your funds are protected.

In addition, all of your funds for each account are held separately under an individual trust, and they are never mixed with our own funds, or anyone else's.

Our Fees & Rates

Our fees are taken as a percentage of the bank rates that we are able to offer you. The rates shown for each of our accounts are the rates that you will get to keep (our fees have already been deducted). As our fees are calculated as a percentage of the base rate, in the event that the rate falls, so too will our fees. We're in this together.

Our Interest Rates

We are able to offer better rates than any high street bank, and even better rates than National Savings and Investments. Our rates also beat most private banks, without the risk that their fixed-term deposit accounts usually carry. See more about How It Works.

Cash Deposit Rates

Our cash deposit rates are based on the Bank of England's variable base rate. Your return is directly linked to this rate and the rates shown below include our fees (based on the current Bank of England base rate of 5.0%):

* assumes the Bank of England base rate does not change during this time.

View our

Fees

to see your projected returns

Account Funding and Limits

While there is no upper limit on your account balances, our minimum deposit amount is £1 million. This minimum balance must be held for at least three months, after which you may withdraw funds. You can add to your funds held with us at any time.

Annual Charge

We charge an account management / facility fee to our clients to enable us to work with them proactively to understand their liquidity arrangements and to assist them in blending a range of our account types to achieve the highest blended interest rate.

Corporate Treasury

Annual Charge
£10,000
+ VAT
Open an Account
  • Minimum opening balance of £1 million
  • 1-month, 3-month and 1-year deposits
  • No maximum deposit#
  • Funds held at the Bank of England in your name
  • Funds protected under The Bank of London's FSCS protection

# subject to all of the usual compliance and anti-money laundering checks.

Open an Account

If you would like to open an account, please complete the enquiry form below and a member of our team will be in touch with you.

Account Enquiry

If you would like to open an account with us, you can get in touch with us here or, alternatively, request a call back:

Thank you for your enquiry - we'll be in touch with you shortly with account opening information.
Oops! Something went wrong while submitting the form.

Frequently Asked Questions

We're sure you have some questions. We've set out below the answers to some of the most common ones. Nevertheless, please do contact us if you have any further questions or would like any further information.

Cash Deposit Management

About DOS & Co.

An introduction to DOS & Co. and why it is we are best placed to help you with your cash deposits.

What is DOS & Co.?

DOS & Co. is a legal and payment services firm that provides unrestricted legal services, escrow services and regulated payment services. It is registered in England and Wales, and also registered with the Financial Conduct Authority for the provision of payment services. You will find it on the Financial Services Register under Firm Reference Number 833374.

Read More >

Is DOS & Co. a bank?

No. DOS & Co. is a registered payment service provider. Under its FCA permissions, it can carry out all services enabling cash to be placed on a payment account as well as all operations required for operating a payment account. For the Cash Deposit Manager, however, DOS & Co. works as your bare trustee, opening an account on your behalf and in your name at the Bank of London, which stores your funds unencumbered at the Bank of England.

Read More >

Why don't I just go directly to the Bank of London for my accounts?

While Bank of London does allow parties to open operating accounts, it does not provide savings or deposit accounts to its clients.

Read More >
Cash Deposit Management

Cash Deposit Accounts

Detailed explanations of how our various types of cash deposit account work.

How do these accounts work?

Your Cash Deposit Account is a sub-account of a segregated client account held at the Bank of London. The sub-account is held in your name, containing only your funds, separated and segregated from everyone else's funds. Each month, we receive interest from the bank which is then applied to your account.

Read More >

How do you offer better rates than a high-street bank?

High-street banks accept deposits (hold your money) and then make money on that money by lending it out to others (and charging interest to those borrowers). They receive the full Bank of England base rate from your deposits, but that goes towards their operating costs and overheads. They generally pass on only a fraction of that amount to you, the person whose money they are using.

Read More >

How can you offer better rates than ns&i?

National Savings and Investments (ns&i) is backed by HM Treasury. They are the governmet's savings bank (they were originally the Post Office Savings Bank). When you deposit with them, they lend your money to the Government, so their rates reflect whatever the Government is willing to pay from time to time to borrow money. If the Government can borrow money cheaper (say, from another government), then ns&i will drop their rate so that it remains competitive.

Read More >

How do you make money?

The Bank of England pays its full base rate on all deposits made with it. We deposit your funds at the Bank of London who, in turn, deposit those at the Bank of England. The Bank of London receives the full base rate from the Bank of England, takes a small percentage to cover the cost of its expensive technology and human resources that enable these accounts to even exist, and then passes the rest to us. We take 10% of the interest that comes through, leaving you with 90%.

Read More >

Where is my money held?

Ultimately, your money is held unencumbered, in cash, at the Bank of England. It is never loaned out, pledged or otherwise interfered with - it simply sits there. Legally, are we are your bare trustee, our name isn't on your money anywhere. We operate client accounts with the Bank of London, which are opened in your name and contain your funds. Those funds are held by the Bank of London at the Bank of England.

Read More >
Cash Deposit Management

Eligibility

There are a few limits to who we can work with and the basis upon which we can work with them.

Who can open an account with DOS & Co.?

Accounts can be opened by UK entities, UK and EEA Nationals and UK residents. We can also open accounts for trusts and family offices whose beneficiaries all meet those requirements, subject to the balance of these eligibility criteria.

Read More >

Is there a minimum deposit amount?

The minimum deposit amount is £1,000,000.

Read More >

Do I have to retain a minimum balance?

The minimum deposit amount has to be retained for your first 3 months of holding an account with us, after which there is no ongoing minimum deposit or balance.

Read More >

What is the maximum amount I can deposit?

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.

Read More >

Are there any sources of wealth you cannot accept?

We cannot accept any deposits from clients whose wealth derives from any of the following:

  • Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions or agreements including, without limitation, host country requirements related to environmental, health and safety and labour aspects;
  • Production or trade in weapons or munitions;
  • Quarries, mining or processing of metal ores or coal;
  • Giving or receiving of gifts that could be interpreted as intending to influence business decisions;
  • Production or trade in tobacco;
  • Trade in wildlife or wildlife products regulated under CITES;
  • Production or trade in radioactive materials;
  • Commercial logging operations or purchase of logging equipment for use in primary tropical moist forest;
  • Production or trade in pharmaceuticals subject to international phase outs or bans;
  • Production or trade in pesticides/herbicides subject to international phase outs or bans;
  • Drift net fishing in the marine environment using nets in excess of 2.5km in length;
  • Production or activities involving harmful or exploitative forms of forced labour/harmful child labour;
  • Production or trade in ozone-depleting substances subject to international phase outs;
  • Production or trade in wood or other forestry products from unmanaged forests;
  • Production, trade, storage or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals;
  • Any business relating to illegal pornography or prostitution;
  • Abusing confidential or material non-public information;
  • Trading of animal fur, bones or ivory;
  • Diamond drilling without Kimberly certification;
  • Indecent or obscene material, including child pornography;
  • Trading of fireworks or explosives or nuclear weapons;
  • Drug trafficking, including trade in chemicals which may be used to manufacture synthetic drugs;
  • Human body parts or pathogens;
  • Online or offline gambling, betting, casinos, prize draws, gift cards or lottery/scratch cards;
  • Bearer shares and bonds;
  • Donations or charitable grants (though we can work with independent schools regarding Fees in Advance);
  • Money exchange dealers or money service businesses;
  • Cash pooling structures; and
  • Cryptocurrency or derivatives thereof.
Read More >
Cash Deposit Management

Account Opening

Questions explaining how you can open an account with us.

How do I open an account?

You can complete our Application Form or Contact Us for more information.  If you already know an account holder, please ask them to introduce you directly to their Relationship Manager.

Read More >

Does my account auto-renew?

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.

Read More >

How long does it take to open an account?

Subject to all of the usual compliance checks, we can open accounts in as little as 24-48 hours.

Read More >

What information do I need to provide to open an account?

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.

Read More >

Can I open accounts in other currencies?

At present, we can only open accounts in pounds sterling. We are in talks to be able to extend this to include Euro and US Dollars in the near future.

Read More >
Cash Deposit Management

Protecting Your Funds

How we protect your funds, from our structural safeguarding to the FSCS protection offered as standard.

How are my/our funds protected?

Your funds are held in segregated client accounts at the Bank of London which, in turn, stores those funds unencumbered at the Bank of England.  The Bank of London is also part of the Financial Services Compensation Scheme, protecting eligible deposits as well.

Read More >

What happens if DOS & Co. becomes insolvent?

DOS & Co. is your bare trustee. In the unlikely event of its insolvency, your funds are not available to its creditors and the administrators would contact you to arrange the return of your funds from the Bank of London.

Read More >

What happens if The Bank of London becomes insolvent?

If the Bank of London becomes insolvent, your funds will not be available to its creditors. We will work with the administrators to release your funds and return them to you or, if possible, to deal with the Bank of England with a view to stepping into the Bank of London's shoes to maintain your accounts with them.

Read More >

What happens if the Bank of England becomes insolvent?

In theory, before a central bank would become insolvent, it would be able to print more money. International credit rating agencies keep track of banks and bond issuers to give clients and potential clients an idea of their ability to repay funds - you can see the Bank of England's Fitch rating here.

Read More >

Are my funds also protected by FSCS?

The Bank of London is FSCS registered - you can access more information here. More information on the FSCS (including on eligibility) is available here.

Read More >
Cash Deposit Management

Cash Management

Explanations of some common terms you will encounter when investigating cash deposit management options.

What does AER mean as a savings interest rate?

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.

The calculation of AER depends on the frequency with which interest is paid.

If the interest is paid once a year, the AER will equal the APR.

If the interest is paid monthly, however, then each month you will earn interest on a little more money (your initial deposit plus any accrued interest to date), so the AER will be higher than the APR.

Read More >

What does APR mean as a savings interest rate?

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.

For savings accounts, a higher APR means you earn more money.

Read More >

What is interest rate 'blending'?

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.

Read More >

What is compounding in interest?

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.

The effect of compounding can be enormous, because of this notion of 'earning interest on interest'.

The power of compounding was called the eighth wonder of the world by Albert Einstein, or so the story goes. He also is rumoured to have said: "He who understands it, earns it. He who doesn't, pays it."

Read More >

What is 'liquidity' in investment terms?

Liquidity in investment terms simply means 'how quickly you can turn your investments into cash'.  The most liquid investment is cash itself (because it is already in cash).

Read More >

DOS & Co.

Established in 2012, DOS & Co. has been serving entrepreneurs, family offices and significant wealth-holders, assisting them in establishing, running and streamlining their UK family offices, businesses, operations and lifestyles ever since.

Find out more at dosandco.com.

Family Office

We provide outsourced family office 'back office' support in London for family offices from around the world, offering a range of services from day-to-day corporate services and book-keeping to complex physical asset management and construction/renovation operations.

Discover our Virtual Family Office.

Private Counsel

As private counsel, we work a outsourced, in-house counsel to family offices, entrepreneurs and those who live and work in the public eye.

Discover Private Counsel.

Payments & Escrow

We add trust to complex and high-value payment operations.
As experienced escrow agents and payment service providers, we have the tools, relationships and experience to handle transactions of any value.

Escrow | PaymentsConstruction

Notices & Regulatory

DOS & Co. Ltd. is a company registered in England and Wales with company registration number 08294966. Its principal place of business is at China Works, 100 Black Prince Road, London SE1 7SJ, where you can meet with us by appointment only.

Our registered office is at 56 St. George's Square, London SW1V 3QT.

Financial Conduct Authority

DOS & Co. Ltd. is registered with the Financial Conduct Authority under the Payment Services Regulations 2017 (FRN: 833374) for the provision of payment services.

No Investment Advice / Management

We are not authorised to provide investment advice, nor to arrange or bring about or deal in investments, and we do not do so. Our Cash Deposit Accounts are risk-free trust accounts opened through the Bank of London and deposited unencumbered at the Bank of England.

No information set out on this website constitutes advice, advertisement, an invitation, a confirmation, an offer or a solicitation to buy or sell any investment or lending product or to engage in any investment activity, or an offer of any financial service.

Impact

DOS & Co. believes in business with purpose. We are a Certified B Corporation and a founding Member of We are PRIME.

Certified B Corporation

B Corporation Areas of Influence

DOS & Co. envisions a global economy that uses business as a force for good. This economy is comprised of a new type of corporation - the B Corporation - which is purpose-driven and creates benefit for all stakeholders, not just shareholders.

As B Corporations and leaders of this emerging economy, we believe that we must be the change that we seek in the world; that all business ought to be conducted as if people and place matter; that, through our products, practices and profits, businesses should aspire to do no harm and benefit all.

To do so requires that we act with the understanding that we are each dependent on one another and thus responsible for each other and future generations

View the B Corporation Directory

We are PRIME™

At DOS & Co., we believe that sustainable business is about more than just doing our thing for the environment and sponsoring charitable events.  To make a genuine difference at such an important time for our planet and our community, we have pledged to support and adhere to the PRIME Principles for sustainable business.

It is our intention that six simple Principles will come, in time, to serve as the backbone upon which our business is built, empowering our colleagues and ensuring that our families and children will be able to enjoy the fruits of our labours in generations to come.

Those Principles are:

Being Environmentally Better;
Embracing Sustainable Innovation;
Spreading the Word;
Delivering Impact;
Making a Difference; and
Being Accountable.

We have started to look at ways that we can act upon these intentions, and we published our first Official PRIME Score in 2020 in order to track our own progress against these aspirations.

The PRIME Principles do not offer a ‘set and forget’, or ‘checkbox’ opportunity for us to show off our sustainability credentials.  By their nature, they are tough, and achieving a high score is not going to be easy.  We absolutely aspire, however, for each of these six Principles to become pervasive within our culture as a business, so we’re going to try and make that so.

Find out more about the PRIME Principles and how they can help you to achieve sustainable business beyond the balance sheet:

Discover We are PRIME
High-Interest, Zero-Risk Deposits

Request a Call

We'll give you a call at a time to suit you