Account name | |
|---|---|
Interest rates (AERs) | Interest fixed for the term of account chosen. Available for six months, one year, two years or three years. Interest paid monthly or annually (or monthly or at maturity for six month option), depending on choice at account opening. View full interest rates. |
Tax status | We’re required to pay interest gross on balances of £50,000 or more (it’s your responsibility to declare interest received to HM Revenue & Customs in your tax return) and net of basic rate income tax for all other balances. |
Conditions for bonus payment | Not applicable. |
Withdrawal arrangements | You won’t be able to withdraw money or close your account before the end of the agreed term. |
Access | Access only at the end of the agreed term. We’ll write to you before your account matures to ask what you’d like us to do with your money. |
View Term Deposit important information.
Explanation of terms
AER means Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.
