Fixed Term Deposits

Fixed terms, highly competitive rates

Our Fixed Term Deposit (FTD) Accounts give you competitive rates of interest with FSCS protection, providing high growth potential and peace of mind.

If you’re looking to invest a sum of money for a fixed period and you do not need access to your funds, one of our Fixed Deposit Accounts could be the ideal investment option.

For GBP, we currently offer the following terms:

GBP Fixed Term Deposit  AER
1 Month 0.05%
3 Months 0.10%
6 Months 0.15% 
1 Year 1.20% 
2 Years 1.45%
3 Years 1.55% 
5 Years 1.90%
7 Years 1.95%

Refer to Interest Rate Sheet for Gross Rates on different interest payment options.

For US Dollars, we currently offer:

$25,000 - $1,000,000
1 Month 0.10%
3 Months 0.20%
6 Months 0.65%
12 Months 1.00%

Please contact us for interest rates for deposits above US $1,000,000/-

The minimum balance requirement for new deposits is $25,000. The existing fixed deposits with balance less than $25,000 will also be offered the above interest rate for chosen term.

Essential Product Information:

  • You should be aware that all rates are fixed for the terms stated above once booked. If you choose to withdraw your funds before the full term expires, you may face an early withdrawal penalty
    Term of Deposit Penalty Charges
    1 Month 15 days gross interest
    3 Months 30 days gross interest
    6 Month 60 days gross interest
    1 Year 90 days gross interest
    2 Year 180 days gross interest
    3 Year 270 days gross interest
    5 Year 365 days gross interest
    7 Year 730 days gross interest
  • Interest rates are correct as of today, but are subject to change. Once your application is complete and funds booked, the interest rate is fixed for the duration of the term selected
  • Interest is not compounded

Applications and downloads

To apply for one of our Fixed Deposit Accounts, simply download the relevant form from this page, fill it out, and return it to one of our branches. Alternatively, you can contact our call centre at 0800 218 22 66.

Please select the links below for our Product Specific and General Terms and Conditions:

Fixed Terms Deposit Terms and Conditions
Personal Banking General Terms and Conditions

Eligibility criteria

In order to be eligible for one of our Fixed Deposit Accounts, you must:

  • Be 18 or older
  • Have proof of identity
  • Have proof of address

Definitions:

To help you in your product selection, you may find the following definitions useful:

  • Gross interest: the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
  • AER (Annual Equivalent Rate): the AER illustrates what the true rate of interest would be if interest was paid and compounded each year. Please note that the actual interest rate, based on the interest payment frequency you chose, will be different than the AER advertised. If interest is paid more frequently to your account, the actual rate applied would be lower.

Contact us on 0800 218 22 66

*The figures provided by this calculator are intended to be used as a guide only and are not a precise calculation. We will confirm the actual interest amount once your deposit is placed with us