Term Deposit Account
Guaranteed growth
- Guaranteed interest rate† of 6.75% Gross*/AER** for 36 months Term Deposit
- Other terms and rates available - see Interest rates sections below
- Deposit between £2,000 and £5,000,000
- Alternative monthly interest Term Deposit option
There's nothing to worry about when you keep your savings in a Clydesdale Bank Term Deposit. 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.
How to apply
- Interest Rates
- Telephone free on 0800 012 1111
- Visit your local Clydesdale Bank branch
We also offer an alternative, monthly interest Term Deposit option, allowing you to decide if you want your interest repaying at maturity or monthly to an existing Clydesdale Bank account. See below for details
What you get
Great benefits – guaranteed
- Guaranteed rate† of 6.75% Gross*/AER** if held for the full 36 month term, this rate is available for a limited period only
- 3-36 month terms
- Minimum deposit of £2,000
- Maximum deposit of £5,000,000
- 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.
Term Deposit Monthly Interest Option
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Term Deposit – Monthly Capitalised Interest. Get the calculated interest from your deposited amount paid automatically at the end of each calendar month into a nominated Clydesdale current or savings account. This must be applied for in branch so please contact your local Clydesdale Branch for assistance, further details and Terms and Conditions. Check the latest rates for the Term Deposit – Monthly Capitalised Interest.
Other savings accounts
- 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
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.
† 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 repayment 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 repayment is requested then the stated interest will not be achieved.
Rates are correct as at 26th June 2008.
*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%).
**AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
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 £35,000 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.