Fixed Deposits

Place your money for a fixed period of time and enjoy the certainty of knowing exactly how much interest you are going to earn.

• Deposits can be fixed for 3,6 or 12 months
• The interest rate is fixed throughout the term of the deposit
• Minimum deposit £ 1,000 or equivalent in other currencies
• Withdrawals are usually not allowed and will be subject to a fee in accordance with our tariff. However, if funds are required before the maturity date you will still receive interest at the normal savings rate.
• Interest on amounts under £50,000 (or equivalent) will be paid at maturity after deduction of income tax (currently at 20%). If you are a UK resident non tax payer you can register to receive gross interest without deducting tax by completing an R85 Inland Revenue form or an R105 Inland Revenue form if you are a non UK resident.
• Interest earned on amounts of £50,000 (or equivalent) or more will be paid without deduction of tax. You will be responsible for declaring the interest to HM Revenue & Customs.