To apply for this account, you must be:
4.80% |
| Gross PA / AER* |
Note, accrued interest is calculated daily and is payable annually and at maturity (the end of the term) into your nominated bank account.
*AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest were paid and added each year. Please note, interest is not compounded. Gross PA means Gross Per Annum, i.e. before tax is deducted (at the legal rate).
No. Your rate is fixed, so it will stay the same for the entire term of your savings account. It means you’ll always know exactly how much interest you’ll earn annually.
| Initial deposit | Interest rate | Interest earned after 12 months | Estimated balance after 12 months |
|---|---|---|---|
| £100,000.00 | 4.80% | £4,800.00 | £104,800.00 |
Illustration based on the initial deposit shown being deposited at the time the account is opened. This projection is provided for illustrative purposes only and does not take into account individual circumstances.
It’s easy to apply by post. The minimum opening deposit is £100,000 and the maximum is £5 million. You can pay money into your account by cheque or electronic bank transfer (details will be made available as part of the application).
Managing your account is easy too. Simply call or write to us and we'll help with any questions or instructions.
No, you can’t take money out of a Fixed Term Deposit, so you need to be sure you’re happy to leave your money in the account until the end of the term (maturity).
Before the end of the fixed term, we’ll let you know what your maturity options are.
We will contact you on the day your deposit matures and explain your options. You can instruct us to reinvest your money or have it repaid into your company's nominated bank account.
We do not currently deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future.