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Summary Box

Account Name

4 Year Term Deposit Issue 7

What is the interest Rate?

Interest for balances of £1,000 or more:

Issue Annual interest % Gross*2 Annual interest % AER*1
7 2.40% 2.40%

The interest rate is fixed. Interest is calculated daily and is paid annually or at the maturity of the account.

Can PCF Bank Change the interest rate?

Rates are fixed until the maturity date. This means we cannot change the rate until after the fixed rate period

What would the estimated balance be after 48 months based on a £1,000 deposit?

A deposit of £1,000 at an annual Gross rate of 2.40% (fixed) would generate an estimated balance of £1,096.00 in four years.

The above example is for illustrative purposes only, does not take account of your individual circumstances and makes the following assumptions:

How do I open and manage my account?

Can I withdraw money?

Additional Information

The information provided in the summary box above is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

*1 AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

*2 Gross P.A. is the rate of interest paid without the deduction of tax. Please note that the automatic deduction of tax on savings interest for non-ISAs ceased with effect from 6th April 2016.