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Term Deposit

This account provides a higher rate of interest in return for leaving your money in for a fixed period.

The interest rate available on a Term Deposit Account is dictated by the length of time you are willing to leave your funds in it. This makes it a highly focused way of saving that can get you to your savings goal quicker, but has less flexibility than other types of bank account. For that reason, a Term Deposit Account is the perfect solution for people who know they can set their funds aside for a fixed period. No withdrawals or additional deposits are allowed in a Term Deposit Account, and interest is paid annually.

Product Type Interest Rate Minimum Deposit Maximum Deposit
7 Year 1.45% AER £1,000 £250,000 Apply More info

No withdrawals or additional deposits allowed, interest paid annually. Access - Internet Banking, Phone