Fixed Term Deposits

Regular Fixed Term Deposit

If you want to invest £10,000 or more for a set period of time and get a guaranteed return, then the Fixed Term Deposit account could be what you are looking for.

Features of Fixed Term Deposit Accounts

  • Choose from terms of 1, 2, 3, 6 or 12 months
  • No maximum to the amount you can invest
  • Interest rate fixed based on the London Money Market rates
  • Interest is paid gross at the end of the term without the deduction of income tax
  • No additional lodgements during the period
  • No early withdrawals can be made.
  • If, after the 14 day cooling off period, due to exceptional circumstances if a withdrawal is permitted a Breakage Charge will apply. The charge will be calculated on the withdrawal amount and the current interest rate to the maturity date. A minimum fee of £25 will apply, if the interest you’ve earned doesn’t cover this, you may get back less than you put in. If you only withdraw some of your funds, a minimum balance of £10,000 or more must remain in the account.

For information on the current interest rates available, please contact your local branch.