You must be aged 16 or over and resident in either Jersey, Guernsey, Gibraltar, Isle of Man or the UK to open a Fixed Term account. Interest rates are an indication only, please call us or visit your local branch for the latest interest rates.
A fixed rate savings account for a fixed term, so you know in advance how much your savings will earn, helping you save for the future.
TickStart saving with balances from £5,000
TickChoose a fixed term that suits you - from 6, 9 or 12 months
TickCould be right for you if you won’t need access to your money within the next 6 to 12 months
In Detail: Fixed Term savings
Our interest rates are an indication only, this means that the rate quoted below is not guaranteed when you apply.
Please call us or visit your local branch for the latest rates.
6 months
| Balance | Annual Equivalent Rate (AER) | Gross p.a. (fixed) |
|---|---|---|
| £5,000 - £99,999 | 0.95% | 0.95% |
| £100,000 - £249,999 | 1.00% | 1.00% |
| £250,000 - £499,999 | 1.10% | 1.10% |
| £500,000 - £999,999 | 1.20% | 1.20% |
9 months
| Balance | Annual Equivalent Rate (AER) | Gross p.a. (fixed) |
|---|---|---|
| £5,000 - £99,999 | 1.00% | 1.00% |
| £100,000 - £249,999 | 1.10% | 1.10% |
| £250,000 - £499,999 | 1.20% | 1.20% |
| £500,000 - £999,999 | 1.30% | 1.30% |
12 months
| Balance | Annual Equivalent Rate (AER) | Gross p.a. (fixed) |
|---|---|---|
| £5,000 - £99,999 | 1.15% | 1.15% |
| £100,000 - £249,999 | 1.20% | 1.20% |
| £250,000 - £499,999 | 1.30% | 1.30% |
| £500,000 - £999,999 | 1.40% | 1.40% |
- The above interest rates are an indication only, please call us or visit your local branch for the latest rates.
- Interest rates may vary depending on deposit term and amount.
- Rates for Deposits above £1 million are available on request.
- Interest is calculated daily and paid at maturity.
- We also offer Fixed Term Deposits in a variety of major currencies. Please call us or visit your local branch for details. Please note that interest rates for our Currency Fixed Term Deposits change daily, so will be provided on an indicative basis.
No. The interest rate is fixed for the term of your deposit.
This means that the rate will not change between the Fixed Term Deposit Start Date and the Fixed Term Deposit Maturity Date.
12 months fixed example
| Amount fixed at start date |
Balance at maturity date |
Interest earned |
|---|---|---|
| £5,000 | £5,058 | £58 |
| £100,000 | £101,200 | £1,200 |
| £250,000 | £253,250 | £3,250 |
| £500,000 | £507,000 | £7,000 |
This is only one example and does not take into account your individual circumstances. The example assumes that interest is paid into your Cash Management account.
TickYou must be aged 16 years or over
TickYou must already hold a Cash Management account or we will open one during your application for a Fixed term account
TickThe minimum deposit is £5,000 or the currency equivalent (where a currency option is available)
Accounts can be opened in branch or by phone.
You can not add money to or withdraw money from the Fixed Term Savings after the Start Date
A deposit certificate will be sent to you within 14 working days confirming the details of your deposit.
You will need to open a Cash Management account for the payment of interest and to manage your Fixed Term Deposit.
On the Maturity Date, your deposit and any interest earned will be paid into your Cash Management account.
After the Maturity Date, if you no longer need the Cash Management account linked to your Fixed Term Deposit, please advise us in writing to close the account.
There is no monthly account fee for Fixed Term Savings or Cash Management accounts.
No. Early withdrawals or early closure before the Maturity Date of a Fixed Term Deposit are not permitted, except at the Bank's sole discretion.
You'll need to have a Cash Management account so that we can pay you any interest you have earned, as well as your deposit when your set period of time has come to the end of its’ term.
If you don’t have a Cash Management account, we will open one for you.
We might need to see...
- Confirmation of identity
- Proof of your residential address
We'll ask you for...
- Your personal details (name, date of birth etc.)
- The source of your funds & wealth
Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Gross is the interest rate paid before the deduction of tax
p.a. per annum (per year)
Start Date is the date on which your money is fixed
Maturity Date is the date on which your Deposit matures
We want to make sure that you have all the information you need before you open an account with us. So before you do, please take some time to read and save,download or print this information.