1 Year Fixed Term Deposit Account (non-personal) Interest Rates
The 1 Year Fixed Term Deposit Account offers a fixed rate of interest for 12 months.
Issue 96: Offer period: 15/12/2016 to 18/01/2017 | Maturity date: 18/01/2018
|Balance||1 Year Fixed Term Deposit Account (Non-Personal) Gross/AER|
|£10,000 – £5,000,000||0.50%|
Interest will accrue at the fixed rate from the start date but will not be applied until the maturity date 12 months later.
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 — Gross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HMRC.