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National Heroes Day Banking Hours

Butterfield will be closed on Monday, 20 June, 2022 for National Heroes Day. To access your accounts, please use our Butterfield Online, ATM and mobile banking services.



Our Banking Centres will re-open on Tuesday, 21 June, 2022 from 9:00 a.m. – 4:00 p.m.

We have moved! Our new address is: PO Box 250, IFC6, IFC Jersey, St Helier, Jersey, JE4 5PU.

 

Please be advised our EUR & USD Notice account rates have been updated. Please click here to view our Notice account rates. 

 

Butterfield will be closed on Monday, 13 November, for the Remembrance Day public holiday. Our Banking Centres will reopen on Tuesday, 14 November, at 9 a.m. To access your accounts, please use Butterfield Online and our ATM network.

Old Sterling Banknotes – removed from circulation on 1 October 2022.

Please be advised that as of Saturday, 1 October 2022, Butterfield will not accept old paper sterling notes for banking deposits or transactions as they will no longer be legal tender. The official last day of use is Friday, 30 September 2022.

Butterfield clients are encouraged to deposit old notes or swap them out for the new polymer ones at any Butterfield Banking Centre before Saturday, 1 October 2022. From this date, only polymer sterling banknotes will be accepted.

We will be closed on Monday, 23 January 2023 for National Heroes Day. Our Midtown Plaza Banking Centre will be this Saturday from 9:00 a.m. until 12:00 p.m. and otherwise all Banking Centres will reopen on Tuesday, 24 January 2023, with normal operating hours of 9:00 a.m. - 4:00 p.m. You can continue to access your accounts during the public holiday by using our Butterfield Online, ATM and mobile banking devices.

Please be advised our General Terms and Conditions have been updated in reference to a new clause 11.3.  Please click here to view the full document.

Holiday Banking Hours:

Butterfield will be closed from 2 p.m. on Friday 23 December and will reopen 9 a.m. Wednesday 28 December, 2022.

We will close again from 4 p.m. on Friday 30 December, 2022 and will reopen 9 a.m. Tuesday 3 January, 2023.

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Update on Saturday Banking: Saturday Banking will be temporarily suspended as we allow time for annual training and infrastructure investment initiatives. To access your accounts, please use our Butterfield Online, ATM and mobile banking services. Saturday Banking hours will resume as normal on March 4th.

Please be aware that we will be carrying out work on our technology systems from 6 pm on Friday, 6 October. Butterfield Online and Saturday Banking will be unavailable this weekend. All services are expected to resume as normal on Monday, 9 October. 

Butterfield will be closed on Monday, 2 September 2024, for the Labour Day public holiday. To access your accounts, please use Butterfield Online and our ATM network.

Our Banking Centres will re-open on Tuesday, 3 September 2024, from 9:00 a.m. - 4:00 p.m.

Butterfield will be closed on Monday, 17 June 2024 for the King’s Birthday public holiday. To access your accounts, please use Butterfield Online and our ATM network.

Our Banking Centres will re-open on Tuesday, 18 May 2024 from 9:00 a.m. - 4:00 p.m.

Update on Saturday Banking: We are pleased to announce the return of Saturday Banking. Our Front Street Banking Centre will be open from 10:00 a.m. to 3:00 p.m. every Saturday for you to take care of your personal banking needs.

Update on Saturday Banking: Saturday Banking will be temporarily suspended effective 15 July 2023, as we allow time for annual training and infrastructure investment initiatives. We will advise when Saturday Banking services have resumed. To access your accounts, please use Butterfield Online and our ATM network. We apologise for any inconvenience caused.

Hurricane Lee Advisory: Please be advised that our offices and Banking Centres in Bermuda will be open for business from 12:00 p.m. to 4:00 p.m. today.

The ATMs at Collector’s Hill, Modern Mart, Somerset MarketPlace and Somerset Banking Centre are back in service and Saturday banking will be available tomorrow at Front Street from 10:00 a.m. to 3 p.m. 

We are pleased to report the issue with debit card settlements has been fixed for the vast majority of accounts impacted, and we are working to correct the few outstanding. If you still see an issue with your account and you require access to blocked funds immediately, please contact the call centre.

Please be advised that our Banking Centres will be closing at 2:00 p.m. on Friday, 6 October. Butterfield Online will also be unavailable this weekend from 4:00 p.m. on Friday, 6 October until Monday, 9 October at 9:00 a.m. as part of a scheduled systems update.

Our Island Saver Instant Access account now has a reduced minimum of £10,000. Click here for more details

Our Fee Schedule has been updated, effective Friday, 1 March 2024. For full details, please review the Fee Schedule here

 

Butterfield will be closed on Monday, 17 June 2024 for the National Heroes Day public holiday. To access your accounts, please use Butterfield Online and our ATM network.
All Banking Centres will reopen on Tuesday, 18 June 2024, with our normal operating hours of 9:00 a.m. - 4:00 p.m.

Our Schedule of Charges for Personal and Corporate Banking services have been updated, effective Tuesday, 2 January 2024. For full details, please review the Schedule of Charges documents in our website footer below. 

Our Schedule of Charges for Personal and Corporate Banking services have been updated, effective Tuesday, 2 January 2024. For full details, please review the Schedule of Charges documents in our website footer below. 

Please be advised our EUR & USD Notice account rates have been updated.  Please click here to view our Notice account rates. 

 

The Implications of Covid-19 For UK Investors

The implications of the Covid-19 pandemic have been severe and far-reaching. For investors, navigating an economic landscape that has, since the start of 2020, been defined by sharp fluctuation across most financial markets has been fraught with difficulty.

In the UK, the Bank of England base rate fell to an all-time low of 0.1% last year. Meanwhile, the Office for National Statistics (ONS) has reported that the UK’s net debt reached £2.2 trillion at the end of July 2021, representing 98.8% of GDP, the highest ratio since March 1962.

Set against a backdrop of such economic volatility, investment markets have performed in contrasting ways. The property market, for instance, has experienced remarkable growth, with low interest rates, faith in bricks and mortar’s resilience, and the incentivisation of the stamp duty holiday combining to drive demand and activity sharply upwards; ONS data shows that average UK house prices increased by 13.2% over the year to June 2021, the fastest pace of growth recorded in 17 years.

To provide broader, timely insight into the investment sector, our mortgage team in the UK commissioned an independent study among 1,479 UK-based investors, all of whom had investments worth in excess of £20,000, excluding their property, savings, and pensions. The research examines how investors have responded to the challenges of the pandemic, their current outlook, and the assets that they will be considering for investment opportunities in the next 12 months.

Cautiously optimistic or risk averse?

“Navigating the turbulent economic landscape during the pandemic has been a challenge for investors. Our research shows that, for many, their favoured approach has been to either pause on making major investment decisions, or to adopt a more risk-averse financial strategy.

“Investors will likely not have had a more complex range of factors to consider before. On the one hand, there have been vastly contrasting Covid responses and economic policies between different countries. On a global level, disruption in supply and demand, compounded by social distancing measures and a sudden shift from a physical to a digital world, has altered the makeup of many industries.

“It will be interesting––and, indeed, important––to monitor how investors manage their portfolios as the UK, and other countries, begin to map out their post-pandemic recovery plans. Our study highlights that traditional assets such as ISAs, bonds, stocks and shares, and real estate feature on the radar of a significant proportion of investors. Commodities and currencies are seemingly attracting less interest, perhaps in light of investors’ wariness of predicting how the world will reshape in the aftermath of the Covid-19 crisis.

“That said, it is positive to note that the number of optimistic investors more than doubles those lacking confidence. How this translates into their investment strategies and financial decisions remains to be seen,” stated Alpa Bhakta, CEO of Butterfield Mortgages Limited.

Here are the key findings

  • 33% of UK investors have seen the value of their investments and savings decrease during the pandemic, with 29% saying they have significantly altered their investment strategies in response to Covid-19
  • 47% of investors said record-low interest rates have prompted them to reconsider how they are managing their savings and investments over the past 18 months
  • 37% have paused on making major financial decisions or significant decisions over the past 18 months due to the uncertainty caused by the pandemic
  • 37% have become more risk averse in their investment strategies since the start of the pandemic
  • 44% of UK investors are confident that their investments and savings will perform well over the coming year, compared to just 20% who are not confident
  • 41% said, however, that the long-term economic fallout from the pandemic remains a major concern

Percentage of UK-based investors surveyed considering investing in each asset over the coming 12 months

  • ISAs: 30%
  • Bonds: 14%
  • Real Estate: 10%
  • Precious metals: 7%
  • Collectibles (art, wine, classic cars, etc.): 6%
  • Stocks and shares: 26%
  • Cryptocurrencies: 12%
  • Currencies: 7%
  • Private equity: 6%
  • Commodities: 6%
  • None of the above: 22%

About the research

The market research was carried out between 31 August and 4 September 2021 among 1,479 UK adults via an online survey by independent market research agency Opinium.

At the time of the survey, the 1,479 respondents all had investment portfolios worth in excess of £20,000 – this includes all assets from bonds and currencies to commodities and stocks and shares but excludes savings, pensions and any property that is used as their primary residency.

Opinium is a member of the Market Research Society (MRS) Company Partner Service, whose code of conduct and quality commitment it strictly adheres to. Its MRS membership means that it adheres to strict guidelines regarding all phases of research, including research design and data collection; communicating with respondents; conducting fieldwork; analysis and reporting; data storage.

BML is a London-based prime property mortgage provider with a particular focus on UK and international high net worth individuals. For more information about our prime property mortgages or how Covid-19 may be effecting your investments, take a look at our selection of articles or get in touch with a member of the team today.

E-mail [email protected] Call +44 (0) 20 3871 6900