Fixed Deposit

The Private Banking Fixed Deposit is ideal if you're looking for a competitive rate which is guaranteed for the life of the product, so you can plan your financial future with confidence. We believe that adding certainty to the return you will get on your savings allows you to get on with the things that really matter.

For more information including details of our current rates, or to apply, call 0870 129 9797.

*On the one year deposit, there is the option to have interest paid annually, or monthly at a slightly lower rate. You cannot switch once the account is open. Your interest will either be paid net or gross. If interest is paid net (this means after deduction of income tax, currently 20%), you may claim income tax back from the HM Revenue & Customs if the amount of tax we have taken off is more than you have to pay. Interest will only be paid gross (this means without deduction of income tax, currently 20%), if you are registered with us as a non-taxpayer. A separate registration is required for each account you hold. Interest can also be paid gross on a Fixed Deposit when the account has been opened as a Qualifying Time Deposit. It is your responsibility to declare the account and the interest earned if you are required to do so. If you are a higher rate taxpayer, additional income tax is due on the interest we pay. If your account qualifies as a Qualifying Time Deposit, it will stop qualifying at the end of the investment term and you will no longer be entitled to receive interest gross automatically. For a deposit to qualify as a Qualifying Time Deposit the term must be less than 5 years, the deposit must be at least £50,000 or, where not in Sterling, equivalent to £50,000 in Sterling, no additions or withdrawals can be made and the account must not be closed before the term ends.