Fixed Term Account

Features

• Fixed Term Deposit Accounts are available to private individuals, partnerships, unincorporated bodies and limited companies.
• The rate of interest agreed at the opening of the account is fixed for the duration of the term.
• The minimum opening deposit is £10,000.
• The minimum fixed term is 1 month. The maximum fixed term is 12 months.
• Interest will be paid net of basic rate tax unless valid documentation is provided entitling the holder(s) to receive interest gross of tax, or the deposit is for £50,000 or more.
• Interest is calculated on a daily basis on the cleared balance of the account and will be applied to the account on the maturity date.
• The holder(s) will be contacted upon maturity to provide instructions regarding renewal or repayment.