Fixed Term Deposit
Lock away money for a term that suits you and get a fixed interest rate on your savings.
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These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m.
AER1
Gross p.a.2
Term length
AER1
1.51%
Gross p.a.2
1.50%
Term length
3 months
AER1
2.35%
Gross p.a.2
2.34%
Term length
6 months
AER1
2.35%
Gross p.a.2
2.34%
Term length
9 months
AER1
2.34%
Gross p.a.2
2.34%
Term length
12 months
AER1
2.35%
Gross p.a.2
2.34%
Term length
Fixed until 17/12/2025
AER1
2.34%
Gross p.a.2
2.34%
Term length
Fixed until 23/09/2026
Interest rates stated above are available as at 09/05/2025 and expire on 19/06/2025 but may be subject to change. Once you open your deposit account, the interest rate is fixed, so will stay the same throughout your chosen term.
Interest is calculated as follows: Interest rate multiplied by the number of days of the fixed term divided by 365 days then multiplied by the initial deposit amount. For example, a £10,000 deposit for 3 months at a 2.50% interest rate would be calculated as follows: 2.50% x (91/365) x £10,000.
Interest is paid at the end of the agreed term.
If you need more information or need to discuss alternative dates or terms, please call us on 0345 604 5539. We are available 8am to 5pm Monday to Friday.
1AER – 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’ll be able to compare more easily what return you can expect from your savings over time.
2Gross 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.
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If you would like to deposit more than £5 million, please talk to one of our specialists.
For clients with an annual business turnover of £0-25 million
Fixed Term Deposit product information factsheet (PDF, 160 KB)
General terms and conditions
Product Terms for Deposit Accounts (PDF, 374 KB)
Make sure you understand the small print.
Financial Services Compensation Scheme
Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Due to FSCS eligibility criteria not all business customers will be covered.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.