The 1 Year Fixed Term Deposit Account is no longer available for new business, for account information please contact our customer service team on 0845 845 0829, Opening hours are 8am - 6pm Monday to Friday (from 10am on Wednesday).
Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | 1 Year Fixed Term Deposit Account |
| Interest Rates (AERs) |
Deposits made during the offer period will earn a variable rate of
interest at the Bank of England base rate, until the actual start
date of the fixed term (shown below), when the fixed interest rate
will begin. The interest for the variable rate period will be added to |
| Tax Status | Interest is paid net of basic rate income tax (currently 20%) but
may be paid gross if the appropriate HM Revenue and Customs
scheme reference number is supplied. Interest will be paid gross
on all deposits of £50,000 and over. As these would be classed as Qualifying Time Deposits by HM Revenue and Customs, it is your responsibility to declare interest received to them. |
| Conditions for Bonus Payment | No bonus payment applies to this account. |
| Withdrawal Arrangements | Your money is deposited for a fixed term. No partial withdrawals allowed. Early access to funds is permitted on account closure, when the whole balance of the Fixed Term Deposit Account will be repaid without interest. |
| Access | Access normally 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. |
