Fixed Rate Deposits

Guaranteed interest rates when you invest your money over 1 or 2 years

Looking to save at least £5,000 with guaranteed interest rates? With a 1 or 2 year option, our Platinum fixed rate deposits could be just the answer.

This is a limited offer which may be withdrawn at any time.

How Platinum 1 and 2 Year works

With our Platinum 1 and 2 year deposits you can choose from up to three interest payment options. You can have interest paid to you monthly, at maturity or annually in the case of the 2 year fixed product.

Important information

• Limited offer - This is a limited offer which may be withdrawn at any time.
• Interest rates - The interest rates may not be available if cleared funds are not paid into the Platinum deposit before this offer is withdrawn.
• Early withdrawal penalties - Early repayment of part or whole of the deposit is subject to an administration fee of £250 and interest adjustment of 180 days at the 2 year deposit rate or 90 days at the 1 year deposit rate, depending on the deposit term. Where there is insufficient accrued interest to cover the administration fee or interest adjustment, the shortfall will be debited to the capital amount.
• Deposit maturity - At maturity in the absence of any alternative instruction the deposit will be placed on a 1 month fixed term deposit at the applicable rate at that time.

Common definitions

Throughout this page, you'll see various terms being used. Here's what they mean:

Annual Equivalent Rate (AER)
This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate
This means the interest rate you are paid before the deduction of income tax.