Fixed term deposits

We specialise in providing a range of fixed deposits across a number of terms to suit your business needs. Our deposits offer you the flexibility of choosing the term that is right for you.

Currently available

We offer a range of fixed term deposits starting from one year and extending up to five years. Our wholesale money market rates are available to corporate depositors. Rates are tiered according to the size of the deposit.  

If you would like to deposit more than £500,000 please call our Business Development team on 020 3857 3060 who will be able to assist with your application.  

Term deposit                       Upper tier 
Rates quoted below are for £500,000 plus
      
 
Gross / AER*
Lower tier 
Rates quoted below are for £100,000 - £500,000
 
  
 
Gross / AER*
1 Year 1.20%
1.10%
18 Months 1.30%
1.20%
2 Years
1.40%
1.30%
3 Years
1.50%
1.40%
4 Years
1.60%
1.50%
5 Years 1.80%
1.70%

These products are a limited offer, subject to availability and may be withdrawn at any time without prior notice.

*AER stands for Annual Equivalent Rate and illustrates the annual rate of return assuming interest is paid and compounded once each year. The gross rate of interest is the rate payable before the deduction of tax at the rate agreed by law.

Fixed Term Deposits

Summary box

To comply with regulations issued by the Financial Conduct Authority (FCA), we are required to show a cash illustration based on a £1,000 deposit amount. This is for illustration purposes only, the minimum deposit on this product is £100,000. To calculate the interest you will receive based on your specific deposit amount, please select the Personal illustration tab.

What is the interest rate?

Please note, upper tier rates quoted below are for deposits of £500,000 plus. Lower tier rates are for deposits from £100,000 - £500,000.

Accrued interest is paid annually and at maturity to your nominated bank account.

Product term Annual Equivalent Rate (AER)* Example amount Estimated balance after 12 months
1 year (upper tier) 1.20% £1,000.00 £1,012.00
1 year (lower tier) 1.10% £1,000.00 £1,011.00
18 months (upper tier) 1.30% £1,000.00 £1,013.00
18 months (lower tier) 1.20% £1,000.00 £1,012.00
2 years (upper tier) 1.40% £1,000.00 £1,014.00
2 years (lower tier) 1.30% £1,000.00 £1,013.00
3 years (upper tier) 1.50% £1,000.00 £1,015.00
3 years (lower tier) 1.40% £1,000.00 £1,014.00
4 years (upper tier) 1.60% £1,000.00 £1,016.00
4 years (lower tier) 1.50% £1,000.00 £1,015.00
5 years (upper tier) 1.80% £1,000.00 £1,018.00
5 years (lower tier) 1.70% £1,000.00 £1,017.00

* Annual Equivalent Rate illustrates what the interest rate would be if interest were paid and added each year.

Customer deposit interest calculator

How much would you like to deposit?

£

Select the applicable product term

How the product works

Our fixed term deposits guarantee you a competitive rate of interest with an annual return paid to your nominated bank account and a choice of reinvestment at maturity.

How the product works

1. Funds are deposited into the fixed deposit

How the product works

2. Your funds are fixed for the agreed term with interest paid to you annually

How the product works

3. Your account will continue until maturity when we will contact you to see if you would like your funds returned or reinvested

What you need to know

  • Fixed deposit rates are available on request from our Business Relationship team. Rates are reviewed weekly
  • Deposits have a fixed rate for a fixed period (fixed contract)
  • Save from £100,000 per term
  • No withdrawals are allowed during a fixed term
  • Limited offer subject to availability
  • Available to UK registered companies, UK institutions and UK registered charities
  • Interest is calculated daily at the pre agreed rate and paid annually
What do you need to know

Apply now

1

Download the appropriate application form, relevant to your organisation type and Customer Agreement and Privacy Policy on our Opening an account page

 

2

Read the Customer Agreement and Privacy Policy. Read the additional conditions on the application form, then complete and sign

 

3

Post the completed form with all the required documentation to: Close Brothers Treasury, 4th Floor, 10 Crown Place, London EC2A 4FT

 

Customer Agreement (Terms and Conditions)

This is our standard Customer Agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information. Copies of the Customer Agreement are available on this website or by telephoning us on 020 3857 3060.

For full details of how we collect and process your data, please read our Privacy Policy

Tax Residency - Self-certification declaration form for Entities and Trusts.

Members of the FSCS

Your eligible deposits with Close Brothers Limited (and our associated trading styles of Close Brothers Treasury and Close Brothers Savings) are protected up to a total of £85,000 by the Financial Services Compensation Scheme ('FSCS'), the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Close Brothers Savings and Close Brothers Treasury. Any total deposits you hold above the £85,000 limit between these brands are not covered.

Read more here 

If you have an enquiry call us on: 020 3857 3060