Fixed Term Deposit Account

Deposit your money for a fixed term and you’ll get a fixed rate of return.

Features and benefits

  • Available in Sterling and US Dollar.
  • Minimum deposit £2,000 or $2,000.
  • Maximum deposit £5 million or $5 million.
  • Interest is paid on maturity for terms up to one year.
  • You can't withdraw your money before the end of the term.

Eligibility

  • You are aged 18 or over.
  • You can deposit a minimum of £10,000 or $10,000 in the account.
  • Depending on legislation and regulations of the country you live in, we may not be able to offer you this account.
  • If you live in the EU, we are unable to offer you this account. 1 year term is not available for Irish residents.

Current fixed interest rates

Deposit term

Annual interest rate %  (Gross/AER) - Sterling

Annual interest rate %  (Gross/AER) - US Dollar

Minimum deposit

Maximum Deposit

Access

Deposit term

1 year

Annual interest rate %  (Gross/AER) - Sterling

0.85

Annual interest rate %  (Gross/AER) - US Dollar

0.65

Minimum deposit

£2,000  or $2,000

Maximum Deposit

£5 million

US$5 million

Access

At the end of your deposit term

Deposit term

6 months

Annual interest rate %  (Gross/AER) - Sterling

0.70

Annual interest rate %  (Gross/AER) - US Dollar

0.25

Minimum deposit

£2,000  or $2,000

Maximum Deposit

£5 million

US$5 million

Access

At the end of your deposit term

Deposit term

3 months

Annual interest rate %  (Gross/AER) - Sterling

0.45

Annual interest rate %  (Gross/AER) - US Dollar

0.15

Minimum deposit

£2,000  or $2,000

Maximum Deposit

£5 million

US$5 million

Access

At the end of your deposit term

Deposit term

1 month

Annual interest rate %  (Gross/AER) - Sterling

0.30

Annual interest rate %  (Gross/AER) - US Dollar

0.10

Minimum deposit

£2,000  or $2,000

Maximum Deposit

£5 million

US$5 million

Access

At the end of your deposit term

  • We will open a fee-free servicing account (Money Market Call Account) to allow you to make your initial deposit and withdraw your money at the end of the term.

    The interest rates advertised here are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Term Deposit.

    You can’t withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.

    No additional deposits are allowed.

    At the end of the term, we will:

    • for accounts where the term is less than 12 months, reinvest the entire balance of the account in a new Fixed Term Deposit account with a term that is the same and at the rate of interest that applies on the date of reinvestment. 
    • for accounts where the term is 12 months or more, pay the entire balance of the account to the servicing account.

    It is your responsibility to contact us to give us your maturity instructions before the end of the Term. However, for terms of one year or more, at least 60 days before the end of the Term, we will write to you asking for instructions about what you would like us to do with your balance. When we write we may also send you information about other accounts we think may be appropriate, for example, if we are offering similar accounts at the time that you may want to transfer the balance to

    *GROSS Rate – The contractual rate of interest payable before deduction of income tax at the rate specified by law.

    **AER Rate – AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

  • There are no fees for opening and holding a Fixed Rate Term Deposit.

Frequently asked questions

How to apply

Use our contact form or call us to make an appointment.

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