3 Year Fixed Term Deposit Account

A fixed rate of interest for three years

How to apply

Before applying we recommend you read the Interest Rates and Charges, the Personal Savings Account Conditions, the In detail and the Summary box page. You should also download a copy of our FSCS Information Sheet.


The current issue of the 3 Year Fixed Term Deposit Account is:

Issue 83, 0.80%* gross/AER** (fixed)

To secure this fixed rate, we must receive your application before 6pm on Tuesday 14th July 2020.

Download an application form to apply by post

To open an account simply download and print out the application form, then complete and send it to us with the following:

  • A cheque from your main bank/building society current account.

    Please note that if the deposit is made by CHAPS we require identification in the form of an original bank statement, cancelled cheque or pre-printed pay-in slip from a UK bank or building society current account on which you are named. (this will be returned to you).

Download 5 Year Fixed Term Brochure & Application form

Send your completed application form to:

Scottish Widows Bank
PO Box 883

If you have any questions about your application, please call our customer service team on 0345 845 0829. Our lines are open 8am to 6pm Monday to Friday ( Wednesdays from 10am).

*based on interest paid annually

**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.

The AER advertised is based on interest paid gross and capitalised to the account once a year – please note that other interest payment periods are available and the actual interest rate on your account will be lower if you have interest applied more frequently, but when compounded will equal the AER.

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