Rates applicable from the 6th March 2017

Business Fixed Deposit Account (GBP) Annual / Maturity AER
For Balance (£ 5000 - £ 250,000)
1 Year 0.50% 0.50%
2 Year 0.75% 0.75%
3 Year 1.00% 1.00%
4 Year 1.00% 1.00%
5 Year 1.50% 1.50%

Business Fixed Deposit Account (EUR) Annual / Maturity AER
For Balance (€ 50,000 - € 300,000)
1 Year 0.00% 0.00%
2 Year 0.40% 0.40%
3 Year 0.45% 0.45%
4 Year 0.60% 0.60%
5 Year 0.85% 0.85%

Business Fixed Deposit Account (USD) Annual / Maturity AER
For Balance ($ 50,000 - $ 400,000)
1 Year 1.50% 1.50%
2 Year 2.00% 2.00%
3 Year 2.15% 2.15%
4 Year 2.40% 2.40%
5 Year 2.70% 2.70%

Business Fixed Deposit Terms and Conditions.

  1. Business Fixed Deposit is available only for micro-enterprise, which are incorporated in the European Economic Area (EEA). A Micro-enterprise is a business that employs fewer than 10 persons and has a turnover or annual balance sheet that does not exceed €2mn
  2. The minimum amount you may place in a Business deposit is £5,000 or $50,000 or €50,000. The maximum amount that can be invested in this deposit is £250,000 and in equivalent currencies.
  3. All deposits must be in Sterling or US Dollar or EURO.
  4. The period of the deposit is between 1 year and 5 years
  5. Withdrawals and closures are not permitted during the term of the Business deposit. Funds must remain in the account until maturity**.
  6. If you do not have a Business Savings / Current Account with us, you need to open one to avail the Business Fixed Deposit.
  7. New customers must send the amount of deposit by a CHAPS/Faster payment/Cheque from their business bank account held with another bank or financial institution. Customers who hold an account with us can send instructions to transfer funds from their account with us to their Business Fixed Deposit. The deposit will be paid back to the account of the company with the institution from where the funds were received.
  8. You cannot add additional amounts to your Business Fixed Deposit. However you can open more than one Business Fixed Deposit, subject to availability of the scheme.
  9. Interest can be paid out on Annual / Maturity basis. If you have chosen the Annual Interest option, the interest will be paid out to the business account, while in the Maturity Interest option the interest will be paid at the end of the term of the deposit.
  10. The rate of interest is fixed for the entire period of the deposit.
  11. This Deposit scheme is available for a limited period and may be withdrawn at any time at the discretion of the Bank.
  12. Please ask at branch for the application form and information regarding documents required for the account.
  13. Please click here for information on our General Terms and Conditions** of Service.

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