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Fixed term and notice accounts

Save your money and make it grow

Sometimes it pays to put your money away for a longer period. Term deposits and fixed rate bonds let you earn interest over a fixed period of time. Without access during the term, but a guaranteed interest rate, it could be a rewarding way to save.

For a little more flexibility, our 40-Day Notice Account gives you the opportunity to save your funds, earn interest and still be able to access your funds with 40 days' notice of withdrawal.

Online Exclusive

Online Personal Fixed Rate Bond

Up to 1.5% AER (1.5% gross per annum fixed)

Guarantee your return with 1.5% Gross[1] p.a. fixed/AER[2]

Relax in the knowledge that your lump sum is earning a competitive rate by investing in our limited edition fixed rate bond. It’s a return you can trust.

When certainty matters, it could be time to choose a fixed rate bond.

  • Earn 1.5% gross p.a. fixed[1]/ 1.5% AER[2]
  • Withdrawals or early closure not permitted
  • Maturity date: 28 September 2018
  • Minimum deposit of £2,000 – maximum deposit of £5,000,000
  • Interest calculated daily and paid quarterly

Applications only available online. Applicants must be 16 or over. Maximum deposit: £5,000,000. Joint accounts not available. Deposits must be made by 5pm, 15 August 2017.

Find out more about our Online Personal Fixed Rate Bond (opens in a new window)

Term deposits

Up to 1.70% AER (1.73% gross per annum fixed)

A guaranteed rate for your savings

Make your plans and decide how long you want to lock your money in – three months to five years. That way your interest rate is guaranteed.

  • Guaranteed interest rates - up to 2.08% Gross p.a. fixed[1]/2.00% AER[2]. This rate is available on our 60 month Term Deposit – Interest Capitalised at Maturity.
  • Minimum deposit of £2,000 – maximum deposit of £5,000,000
  • Withdrawals, early closure or deposits not allowed during term.

Find out more about our Term deposits (opens in a new window)

40-Day Notice Account

Up to 0.85% AER (0.85% gross per annum variable)

When you want to grow your savings but still have access to your money within 41 days.

With a 40-Day Notice Account, you could make more money on your savings than our Instant Access Account. You can save from £500 and add extra savings at any time.

  • Quarterly interest – paid straight into your account
  • Save from £500 – and add additional savings whenever you like
  • Short notice period – give us 40 days’ notice and you can withdraw your funds
  • Once you’ve opened an account, you can add extra savings at any time. You can even set up regular payments.
  • Withdrawals require 40 days’ notice. Withdrawals without 40 days’ notice are not permitted under any circumstances except in the event of the death of an account holder (or one of them if a joint account).

Find out more about our 40-Day Notice Account (opens in a new window)

[1] Gross rate interest is the interest payable without taking account of any tax payable. From 6th April 2016 we no longer deduct tax from the interest earned on your savings, following the introduction of a Personal Savings Allowance. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Governments website www.gov.uk.

[2] AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Financial Services Compensation Scheme (FSCS)

Protecting your money

Your eligible deposits with Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank and B. Any total deposits you hold above the limit between these brands are unlikely to be covered.

Please see FSCS leaflet download (Opens in a new window) for further information or visit www.fscs.org.uk