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Island Fixed Term Deposit

A fixed-term savings account offering a fixed interest rate on your deposit for a set period.

Open deposit account

Why choose a Fixed Term Deposit account?

Let’s break it down

Terms and conditions expandable section

General terms and conditions (PDF, 176KB)

Account conditions (PDF, 173KB)
Interest rates expandable section

For the latest interest rates call us.

Open a Fixed Term Deposit account

Choose the option that best matches your business.

Frequently asked questions

What is the minimum deposit and withdrawal amounts? expandable section

The minimum deposit is £10,000, $10,000, or €10,000. The maximum deposit amount is £5 million, $5 million, or €5 million.
What documentation will I need to give to open a new account? expandable section

You'll need proof of identity and address for all key parties, plus any business documentation that we need. To certify your documents, read our guide (PDF, 96KB).
When is interest paid on the account? expandable section

Interest is paid at the end of the term.
Can I access my money before the term ends? expandable section

Once we receive notice, the withdrawal amount will earn interest at the fixed rate. On the withdrawal date, money will be returned to your servicing account.
Can I add more money after starting the term? expandable section

No. Once the term has started, you cannot add anymore money to the deposit account.
How do I give instructions when my fixed term deposit matures? expandable section

To give maturity instructions, contact your relationship manager or email our customer services.

Refer to our terms and conditions (PDF, 134KB).
What currencies can I open an account in? expandable section

Accounts can be opened in pounds sterling, US dollars and euros. Other currencies may be offered on request.
Can I have multiple fixed term deposits and in different currencies? expandable section

Yes. You can have multiple fixed term deposits in pounds sterling, US dollars and euro, other currency options on request.
Can I view my account online? expandable section

Yes. You can view your fixed term deposit online.

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