• Term deposit and notice account products

    Use the comparison table below to help you to compare the different term and notice products that we can provide for your business.

    Account Withdrawals Minimum Deposit Term Lengths Important Information Management

    Fixed term deposit

    No withdrawals until maturity date

    £10,000

    Bespoke fixed term.
    Any term from overnight to 3 years.

    • Get a fixed rate of interest
    • No withdrawals can be made or additional funds paid in during the term of the deposit.
     
    • By phone
     

    32 day notice account

    Withdraw £10,000 or more at 32 days notice, provided the remaining balance is over £10,000.

    £10,000

    No set term.
    32 days notice required to close the account.

    Interest rate is subject to variation in line with the Bank of England Bank Rate.

    • By phone
     
  • Rates and charges
  • How to apply

Rates and charges

  • Account Term length Indicative interest rate
    AER*/Gross**
    Fixed term deposit 3 months 0.50% (fixed)
    Fixed term deposit 6 months 0.60% (fixed)
    Fixed term deposit 9 months 0.70% (fixed)
    Fixed term deposit 12 months 0.90% (fixed)
    Term deposit with fixed maturity date Maturity date 09/08/2017 0.65% (fixed)
    Term deposit with fixed maturity date Maturity date 12/12/2017 0.80% (fixed)
    Fixed term deposit Bespoke – from overnight to 3 years Call us on 0345 604 5539 1
    32 Day Notice Account No set term
    32 days notice to make a withdrawal or close the account
    Bank of England Bank Rate 0.25% (variable) plus 0.20% (fixed) 2

    Please note: Interest rates stated above are currently valid on deposits placed before 16/03/2017, but may be subject to change. Should you need to discuss rates for alternative dates or terms, please call us on 0345 604 5539.

    * The 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.

    ** Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

    1 We only offer standard terms online for Fixed Term Deposit accounts. If you would like to apply for bespoke term lengths or you need to select specific start and end dates for your deposit, call us on 0345 606 0286.

    2 Product is linked to the current Bank of England Bank Rate. Should a withdrawal be made, the rate will reduce to Bank of England Bank Rate on the amount withdrawn for the duration of the notice period.

    These interest rates apply to deposits with a minimum balance of £10,000 and a maximum balance of £5m, and apply to deposits in sterling only. For deposits over £5m or for more information about interest rates in other major currencies, please call us on 0345 604 5539.

    Terms and conditions

    Our Terms and Conditions section contains full details of our terms and conditions, charges and associated information.

How to apply

  • Apply online

    You can apply online for all our deposit accounts if your turnover is below £25 million, using our online application form. If your turnover is above £25 million, please call us on 0345 604 5539.

    Apply now

    On the phone

    Call to speak to one of our specially trained advisers. We’re open from 8am to 5pm Monday to Friday. We’re closed on all UK public holidays.

    0345 604 5539

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