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

Account

Fixed Term Deposit

Withdrawals

No withdrawals until maturity date

Minimum Deposit

£10,000

Term Lengths

Bespoke fixed term.

Any term from overnight to 3 years.

Important Information

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

Management

  • By phone

Account

32 Day Notice Account

Withdrawals

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

Minimum Deposit

£10,000

Term Lengths

No set term.

32 days notice required to close the account.

Important Information

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

Management

  • By phone

Account

32 Day USD Notice Account

Withdrawals

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

Minimum Deposit

$10,000

Term Lengths

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

Important Information

Interest rate is subject to variation in line with the Federal Funds Target Rate.

Management

  • By phone
  • Account

     Term length

    Indicative interest rate

    Account

    \26nbsp;Term length

    Indicative interest rate

    AER*/Gross**

    Account

    Fixed Term Deposit

    \26nbsp;Term length

    3 months

    Indicative interest rate

    0.70% (fixed)

    Account

    Fixed Term Deposit

    \26nbsp;Term length

    6 months

    Indicative interest rate

    0.75% (fixed)

    Account

    Fixed Term Deposit

    \26nbsp;Term length

    9 months

    Indicative interest rate

    0.80% (fixed)

    Account

    Fixed Term Deposit

    \26nbsp;Term length

    12 months

    Indicative interest rate

    0.90% (fixed)

    Account

    Fixed Term Deposit

    \26nbsp;Term length

    Maturity date 14/02/2019

    Indicative interest rate

    0.75% (fixed)

    Account

    Fixed Term Deposit

    \26nbsp;Term length

    Maturity date 05/11/2019

    Indicative interest rate

    1.00% (fixed)

    Account

    Fixed Rate Term Deposit

    \26nbsp;Term length

    Bespoke – from overnight to 3 years

    Indicative interest rate

    Call us on 0345 604 5539 1

    Account

    32 Day Notice Account

    \26nbsp;Term length

    No set term

    32 days notice to make a withdrawal or close the account

    Indicative interest rate

    0.75% (Bank of England Bank Rate (BoE)

    0.75% (variable) 

    Account

    32 Day USD Notice Account

    \26nbsp;Term length

    No set term 
    32 days notice to make a withdrawal or close the account

    Indicative interest rate

    2.35% (Federal Funds Target Rate (FDTR) (variable)
    2.25% (variable) plus
    0.10% (fixed))3

    The Sterling Interest rates stated above are available as at 14/09/2018 and expire on 01/11/2018 but may be subject to change. The USD Interest rate stated above currently expire on 08/11/2018 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.

    * 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 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.

  • Terms and conditions

    Commercial Banking Markets General Terms of Business

    Commercial Banking Markets Deposit Terms and Conditions to be read in conjunction with Commercial Banking Markets General Terms of Business

    Fixed Term Deposit product information factsheet

    32 Day Notice Account product information factsheet

    32 Day USD Notice Account product information factsheet

    Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

    Bank of Scotland plc Registered office: The Mound, Edinburgh, EH1 1YZ. Registered in Scotland no. SC327000.

    Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

    Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all Business customers will be covered.

  • 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

  • Contact us for more information

    Call us on 0345 604 5539

    Lines are open 8am to 5pm Monday to Friday

    Alternatively, please email us at any time.

Available 8am to 5pm
Monday to Friday.

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