Fixed Term Deposit
Lock away money from overnight to 2 years 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. Interest is calculated by reference to the Interest Rate which is fixed for the term until the Maturity Date using the Day Basis. Interest is paid at the end of the agreed term.
Account
Term length
Indicative interest rate
Gross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.Indicative interest rate AERThe 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.
Account
Fixed Term Deposit
Term length
3 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
2.00%
Indicative interest rate AERThe 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.
2.02%
Account
Fixed Term Deposit
Term length
6 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.50%
Indicative interest rate AERThe 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.
3.53%
Account
Fixed Term Deposit
Term length
9 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.55%
Indicative interest rate AERThe 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.
3.57%
Account
Fixed Term Deposit
Term length
12 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.60%
Indicative interest rate AERThe 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.
3.60%
Account
Term deposit with fixed maturity date
Term length
Maturity date 15/05/2024
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.50%
Indicative interest rate AERThe 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.
3.53%
Account
Term deposit with fixed maturity date
Term length
Maturity date 14/02/2025
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
5.08%
Indicative interest rate AERThe 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.
5.08%
Interest rates stated above are available as at 03/11/2023 and expire on 14/12/2023 but may be subject to change.
We only offer standard terms online for Fixed Term Deposit products. If you would like to apply for bespoke term lengths or you need to select specific start and end dates for your deposit, please call us on 0345 604 5539. We are available 8am to 5pm Monday to Friday.
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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, 160KB)
General terms and conditions
Commercial Banking Markets General Terms of Business (PDF, 110KB)
Commercial Banking Markets Deposit Terms and Conditions (PDF, 111KB)
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.
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