Term Deposit Account
Guaranteed growth for your savings
Guaranteed interest rate† of up to 5.00% Gross*/AER+ for 60 months Term Deposit
- Terms between 1 and 5 years. Rates are correct as at 1st July 2009
- Deposit between £2,000 and £5,000,000
- Monthly interest Term Deposit option also available
- A minimum £30 penalty will apply for early withdrawal
- View summary of key information
| Term | Gross* | AER+ % pa |
Net** % pa |
|
|---|---|---|---|---|
| 12 Months | 3.50 | 3.50 | 2.80 |  |
| 18 Months | 2.75 | 2.75 | 2.20 | |
| 2 Years | 3.75 | 3.75 | 3.00 | |
| 3 Years | 4.50 | 4.50 | 3.60 | |
| 5 Years | 5.00 | 5.00 | 4.00 | Please call 0800 012 1111 or contact your nearest branch |
Other ways to apply
- Telephone free on 0800 012 1111
- Visit your local Clydesdale Bank Branch
What you get
There's nothing to worry about when you keep your savings in a Clydesdale Bank Term Deposit. We have a selection of terms between 1 and 5 years. If your savings are held for the full term, you'll receive the guaranteed rate†. And it's so easy. Apply for your Term Deposit today.
- Guaranteed interest rate† of up to 5.00% Gross*/AER+ for 60 months Term Deposit
- Terms between 1 and 5 years - for 3 month and 6 month terms please call into your local Clydesdale Bank branch (opens in a new window) or call 0800 012 1111
- Deposit between £2,000 and £5,000,000
- Monthly interest Term Deposit also available
- Include any additional savings in your opening deposit (once your Term Deposit is open, you cannot add to it)
- You can only make one withdrawal of the full amount, subject to a penalty charge, see Terms and Conditions (PDF, opens in a new window) for details. A minimum £30 penalty will apply for early withdrawal.
Products you might also be interested in
- Savings account - access your money quickly and easily
- Savings Account Plus - enjoy a healthy return on your savings
- 40 Day Notice Account - save as much as you like following your initial deposit of £500 and when you need to withdraw your savings just give 40 days notice
- Cash ISA - a great way to watch your money grow
- Stocks and shares ISA - make the stock market work for you
- Cybersave – help your child to manage their money
- Child Savings Bond - a great investment for your child’s future
- Child Trust Fund - give your child's savings a flying start
Legal Information
† During the fixed term, you can only make one withdrawal of the full amount, including any accrued interest. Such a withdrawal will be subject to an early withdrawal charge (£30 minimum charge) the amount of which is dependent on the number of days to Maturity. Ask at any branch or see Terms and Conditions for details. The charge will be deducted from any accrued interest, but where there is insufficient accrued interest to meet the charge in full, any additional sum will be deducted from the capital in the account. If early withdrawal is requested then the stated interest will not be achieved.
+AER: The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
* Gross Rate. Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the lower rate prevailing at the time of payment (currently 20%).
** Net Rate. Net Rate is the Gross Rate less income tax at the lower rate (currently 20%). Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from H M Revenue and Customs. Higher rate taxpayers may be liable to additional taxation according to their individual circumstances.
- The rates are variable and the completed Application Form and cheque must be with us within 5 Business Days of the rate last being advertised on the web page. The Bank will not be responsible for items posted that are not received within the required time. Rates are correct as at 1st July 2009.
- A minimum deposit of £2,000 is required. Interest will be credited to the account annually and at maturity, or (if any) when the account is closed, if earlier.
- For your security, calls may be monitored or recorded.
- Clydesdale Bank PLC is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the Scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
- In respect of deposits with a UK office, payments under the Scheme are limited to 100% of the first £50,000 of a depositor's total credit balances with the Bank. Further details of the Scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.