• 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
     

    32 Day USD 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 Federal Funds Target Rate.

    • By phone
     
  • Rates and charges
  • Important Information
  • How to apply

Rates and charges

  • Account Term length Indicative interest rate
    AER*/Gross**
    Fixed Term Deposit 3 months 0.45% (fixed)
    Fixed Term Deposit 6 months 0.55% (fixed)
    Fixed Term Deposit 9 months 0.65% (fixed)
    Fixed Term Deposit 12 months 0.80% (fixed)
    Fixed Term Deposit Maturity date 28/09/2018 0.47% (fixed)
    Fixed Term Deposit Maturity date 19/04/2019 0.72% (fixed)
    Fixed Rate 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
    0.57% (Bank of England Bank Rate (BoE)
    0.50% (variable) plus 0.07% (fixed)1
    32 Day USD Notice Account No set term
    32 days notice to make a withdrawal or close the account
    1.85% (Federal Funds Target Rate (FDTR) (variable)
    1.75% plus 0.10% (fixed))3

    The Sterling Interest rates stated above are available as at 11/05/2018 and expire on 21/06/2018 but may be subject to change. The USD Interest rate stated above currently expire on 13/06/2018 but may also be subject to change. Should you need to discuss rates for alternative dates or terms, please call us on 0345 604 5539.

    * AER – The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

    ** Gross Rate – Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

    1 We only offer standard terms online for Fixed Rate 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.

    3 Product is linked to the current Federal Funds Target Rate.

    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.

Important 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 click here or call us on 0345 604 5539.

    Internet Banking users

    You can apply in Business Internet Banking for a deposit and we will process your application. Simply log on and select ‘Business savings account’ from the left hand menu from your account overview page, then ‘Term and Notice Deposits’.

    Log in and Apply now

    Not registered for Internet Banking

    You can apply here for a deposit. Once we receive your application, we may need to contact you for more information if you have not previously placed a deposit.

    Apply online

    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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