Interest Rates
Interest Rates for Term Deposit
To deposit funds in one of these offers simply decide how much you wish to invest and choose the term that suits your needs.
You can deposit between £2,000 and £5,000,000.
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.
For 3 month and 6 month terms please call into your local branch (opens in a new window) or call 0800 012 1111.
Rates are correct as at 8th September 2008.
Term Deposit £2,000 - £5,000,000
| Term | Gross* | AER+ % pa |
Net** % pa |
|---|---|---|---|
| 12 Months | 6.30 | 6.30 | 5.04 |
| 18 Months | 6.55 | 6.55 | 5.24 |
| 2 Years | 6.65 | 6.65 | 5.32 |
| 3 Years | 6.75 | 6.75 | 5.40 |
Term Deposit – Monthly Capitalised Interest
Term Deposit £2,000 - £5,000,000
| Term | Gross* | AER+ % pa |
Net** % pa |
|---|---|---|---|
| 12 Months | 6.12 | 6.30 | 4.90 |
| 24 Months | 6.46 | 6.65 | 5.17 |
| 36 Months | 6.55 | 6.75 | 5.24 |
The Term Deposit - Monthly Capitalised Interest can only be applied for in branch, contact your local Clydesdale Bank branch (open in a new window) for assistance, further details and Terms and Conditions
Definitions
+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.