SBI Customer Loyalty Fixed Deposit Account

  • We want to thank your relationship with SBI UK.
  • If you are existing customers* of SBI UK, you may be eligible for the loyalty rates.
  • The loyalty rates will be applied to the credit balances held in your SBI UK account for a minimum of three months. The loyalty rates are only for GBP fixed deposits.
  • The loyalty rates are also applicable for your existing maturing fixed deposits with us.
  • If you want to know more about the loyalty fixed deposit scheme. Please call, visit or write to your nearest SBI UK branch.

The Loyalty Interest rates are as below:

Loyalty fixed deposit rates for GBP deposits

Period Gross rate
maturity/annual interest
AER
One Year 1.50% 1.50%
Two Years 1.75% 1.75%
Three Years 1.75% 1.75%
Four Years 1.75% 1.75%
Five Years 2.00% 2.00%

Please click here for information on our General Terms and Conditions of Service

* Existing customer can be an Individual / Joint account holder or an SME Business account holder.

Account name Fixed Term Deposit
Interest rates For current interest rates visit:
www.sbiuk.com/personal/interest-rates
Tax status All the interest we pay you, on or after 6 April 2016 will be without any tax deducted i.e. paid at gross rate. If the total amount of interest you receive exceeds any Personal Savings Allowance to which you are entitled, it is your responsibility to ensure this tax is paid.
What would the estimated balance be on the date the fixed deposit matures based on a £10,000 deposit? On a deposit of £10,000, the estimated balance would be:
Term Initial Deposit Estimated Balance
1 Year £10,000 £10,125.00
2 Years £10,000 £10,302.25
3 Years £10,000 £10,456.78
4 Years £10,000 £10,613.64
5 Years £10,000 £10,906.17

This is based on:
  • Interest calculated and compounded annually.
  • £10,000 being deposited in the account at the time it is opened and no further deposits or withdrawals being made until the end of the term.
  • The amount of the deposit at the end of the term.
Conditions for bonus payable
  • There is no bonus available on this account.
Withdrawal arrangements There are no withdrawals permitted during the term of the deposit.
Access In branch, post or online

1. SBI UK Loyalty Fixed Deposit Account

  • If you are existing customers* of SBI UK, you may be eligible for the loyalty rates.
  • The loyalty rates will be applied to the credit balances held in your SBI UK account for minimum three months. The loyalty rates are only for GBP fixed deposits.
  • The loyalty rates are also applicable for your existing maturing fixed deposits with us.
  • You cannot add additional amounts to your Fixed Term Deposit. However you can open more than one Fixed Term Deposit, subject to availability.

The minimum deposit is £10,000 or US$10,000 or €10,000 and the maximum is £5,000,000 or other currency equivalent.

When you open your account, you choose the period of your deposit. The rate of interest is then fixed for this entire period.

Interest is paid at different intervals, depending on the period of deposit you choose. The following table shows when we pay interest:

Your fixed-deposit period When we pay interest
One year At maturity
Over one year At each anniversary and at maturity

All the interest we pay you, on or after 6 April 2016 will be without any tax deducted i.e. paid at gross rate. If the total amount of interest you receive exceeds any Personal Savings Allowance to which you are entitled, it is your responsibility to ensure this tax is paid.

Deposits cannot be withdrawn until they mature.

In exceptional situations, an early withdrawal request may be considered in line with the bank’s internal policy. This policy is subject to change and the bank will confirm the current terms for early withdrawals at the time of your request. Early withdrawal requests are accepted at bank’s discretion and are subject to a penalty and may result in no interest being paid.


In the event of death or bankruptcy, the capital value and accrued interest. Please refer to our General Terms and Conditions for more details.

Our deposit accounts are available for a limited period and we may withdraw them at any time.


For more information, see our General Terms and Conditions of Service.


Branch locator

International network