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Fixed Term Deposit

Guaranteed interest rates when you
Invest your money for 1 or 2 years

Earn a fixed rate of interest for 1 or 2 years

Fixed Term Deposit

If you have 5,000 or more to deposit, a 1 or 2 years Fixed Term Deposit may give you a better rate of interest than an instant access account.

1 Year Fixed Term Deposit

Are you happy to leave your savings untouched for one year? Our 1 Year Fixed Term Deposit could be right for you.

  • Minimum deposit of 5,000 or the currency equivalent
  • Available in a variety of currencies including Sterling, Euros and US Dollars
  • Interest paid monthly or at maturity
  • You must be aged 16 or over

Interest rates can vary. To find out our latest rates please call us or visit a branch.

2 Year Fixed Term Deposit

We have a 2 year Fixed Term Deposit, which enables you to save between 5,000 and 1 million per issue. It could be ideal if you don't need instant access to your savings.

You can choose to have your interest paid monthly, annually or on the maturity date of the deposit. The latest Deposit Issue, number 43, matures on 30 November 2017.

Important Information: The start date of the 2 Year deposit is 30 November 2015. Any deposit placed before this date or after may be accepted and will earn interest daily at the gross rates shown below.

The fixed interest rate you will earn is detailed below. The AER rates are for the deposit duration period of 2 years.

Interest option AER Gross
Interest paid monthly 1.10% 1.09%
Interest paid annually 1.10% 1.10%
Interest paid at maturity 1.10% 1.10%

Here are some key points to remember:

  • Interest is calculated daily
  • Interest is paid into your instant access Cash Management account
  • If you do not have an existing Cash Management account one will be opened automatically with your Fixed Term Deposit
  • The interest payment option cannot be amended mid term
  • Early withdrawals or early closure (before maturity) of a Fixed Term Deposit are not permitted, except at the Bank's sole discretion.
  • A deposit contract will be sent to you within 14 business days confirming the detail of the deposit which has been opened
  • This is a limited offer and may be withdrawn from sale at any time without prior notice
  • At maturity in the absence of any alternative instruction the deposit will be placed into your Cash Management account
  • The rate may not be available if cleared funds are not paid into your Cash Management account before this offer is withdrawn


  • Gross is the interest rate paid before the deduction of tax
  • The Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year
  • Maturity Date is the date on which your Deposit matures

Ready to apply?

Get in touch

01534 282828 |
01481 703800 |
Isle of Man
01624 697900 |
00350 200 77737 |
+44 (0) 1534 282300

Lines open: Mon to Fri 9.00am-5.00pm (excluding public holidays). Calls may be recorded