Business Fixed Term Deposits

Fixed terms, high return

Our Fixed Term Deposits (FTDs) give you very attractive rates of interest, offering security, commercial advantage and peace of mind.If you’re looking for competitive, fixed-term deposits for your Business or Trust account, we currently offer a range of investment terms and options.

For GBP deposits, we offer:

GBP Fixed Term Deposit AER
1 Month 0.05%
3 Month 0.10%
6 Month 0.15%
1 Year 1.10%
2 Year 1.35%
3 Year 1.45%
5 Year 1.80%
7 Year 1.85%

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

For USD deposits, we offer the following terms

$25,000 - $1,000,000
1 Month 0.10%
3 Month 0.20%
6 Month 0.65%
12 Month 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’ll face an early withdrawal penalty.Please refer to the table below
    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

Eligibility criteria

In order to be eligible for one of our Business Fixed Deposit Accounts, your business must:

  • Be Registered
  • Have proof of address

Please refer to Required Documents at the end of this page for a list of documents required to open a Business Account.

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.

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.

*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