An interest rate fixed for 12 months
The 1 Year Fixed Term Deposit Account from Scottish Widows Bank has been created with a wide range of organisations in mind. It’s a simple way to get more out of the funds you have that you won’t need access to for the next 12 months. It’s an account that could be ideal for organisations such as:
- Clubs and Associations
To be eligible for this account your organisation must meet the definition of a Small and Medium-sized Enterprise (SME), which means having an average number of employees during your most recent financial year of less than 250, and either a total balance sheet not exceeding 43 million euros or an annual turnover not exceeding 50 million euros.
Here’s a brief summary of just some of the account’s benefits:
- Fixed rate of interest earned on your money for 12 months and paid to your organisation's account at maturity.
- Minimum deposit of £10,000, maximum £5,000,000.
- Available to new and existing Scottish Widows Bank customers.
- Accounts available in issues for limited periods of time at interest rate determined before each issue.
See the interest rate page for details of current issue and rates.