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Fixed Deposit

Fixed Deposit

Fixed Deposits

  • OPTION TO MAKE DEPOSITS IN STERLING, US DOLLARS AND EUROS
  • MINIMUM DEPOSIT OF £10,000/ US$ 20,000/ € 20,000
  • FLEXIBLE PERIOD RANGING FROM 1 MONTH TO 11 MONTHS
  • AUTOMATIC RENEWEL FACILITY ON MATURITY

Terms & Conditions

  1. The Fixed Deposit is available to an individual, aged 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address.
  2. Minimum deposit is £10,000 / $20,000 /€20,000. The maximum amount that can be invested in this deposit is £5,000,000 or other currency equivalent.
  3. If you do not already have a Savings or a Current Account with us, you will be required to open the same. You can open more than one fixed deposit; however you cannot add additional amounts to your existing Fixed Term Deposit.
  4. The rate of interest is fixed for the entire period of the deposit.
  5. Interest will be paid after deduction of income tax at rate specified by law, currently 20%. However we will be able to pay gross interest to eligible account holders subject to completion of HM Revenue and Customs form R85 available from you local branch or the HM Revenue and Customs website at www.hmrc.gov.uk.
  6. The Fixed deposit cannot be withdrawn before their due dates. In case where premature payment of deposits is allowed, a penalty is recovered of 1/4th of the interest payable (as on the contracted date), for the period the deposit has actually run.
  7. The deposit will be renewed automatically for the same period in case no instructions are received at maturity.
  8. The maximum amount that can be invested in this deposit is £5,000,000.
  9. Please click here for information on our General Terms and Conditions of Service.