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Fixed rate savings accounts |
Open your Term Deposit account with a lump sum of £2,000 or more.
By phone
Call us on 0845 730 1400** and we'll open your account over the phone. Lines open Monday to Friday 7am to 10pm and 8am to 6pm at weekends.
At your local branch
Visit your local branch with proof of identity and we'll open the account for you.
Term Deposit important information.
View Term Deposit Summary box.
If you are a UK resident non tax payer you can register your account(s) to receive credit interest paid gross in branch or by completing an HMRC R85 form. If you are completing the R85 form you will need to complete one form for each account you hold. You can download the R85 form at www.hmrc.gov.uk.
Term Deposit - 6 months
Term Deposit - 1 year
Term Deposit - 2 years
Term Deposit - 3 years
Term Deposit - 4 years
Summary box
| Amount Invested | Annual Option | Monthly Option | |||
|---|---|---|---|---|---|
| AER/Gross % | Net % | AER% | Gross% | Net% | |
| £10,000+ | 1.00 | 0.80 | 1.00 | 1.00 | 0.80 |
| £2,000 to £9,999 | 1.00 | 0.80 | 1.00 | 1.00 | 0.80 |
Interest rates are fixed for the term of the deposit.
These rates are subject to availability and can be withdrawn at anytime without notice.
| Amount Invested | Annual Option | Monthly Option | |||
|---|---|---|---|---|---|
| AER/Gross % | Net % | AER % | Gross% | Net % | |
| £50,000+ | 2.25 | 1.80 | 2.25 | 2.23 | 1.78 |
| £2,000 to £49,999 | 2.00 | 1.60 | 2.00 | 1.98 | 1.58 |
Interest rates are fixed for the term of the deposit.
These rates are subject to availability and can be withdrawn at anytime without notice.
| Amount Invested | Annual Option | Monthly Option | |||
|---|---|---|---|---|---|
| AER/Gross % | Net % | AER% | Gross% | Net % | |
| £50,000+ | 2.95 | 2.36 | 2.95 | 2.91 | 2.33 |
| £10,000+ | 2.70 | 2.16 | 2.70 | 2.67 | 2.14 |
| £2,000 to £9,999 | 2.70 | 2.16 | 2.70 | 2.67 | 2.14 |
Interest rates are fixed for the term of the deposit.
These rates are subject to availability and can be withdrawn at anytime without notice.
| Amount Invested | Annual Option | Monthly Option | |||
|---|---|---|---|---|---|
| AER/Gross % | Net % | AER% | Gross% | Net % | |
| £50,000+ | 3.70 | 2.96 | 3.70 | 3.64 | 2.91 |
| £2,000 to £49,999 | 3.45 | 2.76 | 3.45 | 3.40 | 2.72 |
Interest rates are fixed for the term of the deposit.
These rates are subject to availability and can be withdrawn at anytime without notice.
| Amount Invested | Annual Option | Monthly Option | |||
|---|---|---|---|---|---|
| AER/Gross% | Net% | AER% | Gross% | Net% | |
| £50,000+ | 3.95 | 3.16 | 3.95 | 3.88 | 3.10 |
| £2,000 to £49,999 | 3.70 | 2.96 | 3.70 | 3.64 | 2.91 |
Interest rates are fixed for the term of the deposit.
These rates are subject to availability and can be withdrawn at anytime without notice.
Account name | |
|---|---|
Interest rates (AERs) | Interest fixed for the term of account chosen. Available for six months, one year, two years, three years or four 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 | Interest will be paid net after the deduction of income tax (currently 20%). If you are a UK resident non tax payer you can register your account(s) to receive credit interest paid gross in branch or by completing an HMRC R85 form. If you are completing the R85 form you will need to complete one form for each account you hold. You can download the R85 form at www.hmrc.gov.uk. |
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. |
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.
Net is the contractual rate of interest payable after the deduction of income tax at the rate specified by law (currently 20%). If we deduct more tax than you have to pay this can be reclaimed from HM Revenue and Customs.
Gross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an Inland Revenue R85 form.
Open your Term Deposit account with a lump sum of £2,000 or more.
By phone
Call us on 0845 730 1400** and we'll open your account over the phone. Lines open Monday to Friday 7am to 10pm and 8am to 6pm at weekends.
At your local branch
Visit your local branch with proof of identity and we'll open the account for you.
Term Deposit important information.
View Term Deposit Summary box.
If you are a UK resident non tax payer you can register your account(s) to receive credit interest paid gross in branch or by completing an HMRC R85 form. If you are completing the R85 form you will need to complete one form for each account you hold. You can download the R85 form at www.hmrc.gov.uk.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
** We may monitor or record calls in case we need to check we have carried out your instructions correctly and to help improve our quality of service. Lines open Monday to Friday 7am to 10pm and 8am to 6pm at weekends.
