Competitive interest rate fixed for 12 months
1 Year Fixed Term Business Deposit Account Interest Rates
This account is no longer available to new business. For account information, please call our Customer Services Staff 0845 845 0829.
The 1 Year Fixed Term Business Deposit Account offers an impressive rate of return, and the interest is fixed for a whole year.
Issue 11: Start date: 16/04/2010 | Maturity date: 14/04/2011
| Balance | Bank of England Base Rate (earned until fixed term start date) Gross/AER | 1 Year Fixed Term Business Deposit Account Gross/AER |
|---|---|---|
| £10,000 – £5,000,000 | 0.50% | 2.00% |
Interest Periods
Interest will be applied on the maturity date only.
Definitions
On the interest rate table you may see some terms you are unfamiliar with. These are:
AER — Stands for the 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 — This is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).
