Punjab National Bank (International) Ltd: 5 Year Flexi Recurring Deposit

Provider:
Punjab National Bank (International) Ltd
Account:5 Year Flexi Recurring Deposit
Account type:Savings Account
Tax status:Taxable
Rates & conditions
Headline interest rate 2.75% AER
Interest rate type Fixed for 60 months
Interest payment frequency Half yearly
Rate tiers
Gross Rate Excluding Bonus Gross Rate Including Bonus AER
£50 2.75% 2.75% 2.75%
Introductory bonus

No introductory bonus payable.

Interest rate guarantees

There are no interest rate guarantees.

Interest payment options to another savings account
Opening the account
Minimum age 18 years
Maximum age -
Minimum deposit £50
Account opened
Branch
Post
Phone
Internet
Account conditions
  • Additional account
  • Withdrawal conditions
Managing the account
Minimum balance £50
Minimum withdrawal £0
Minimum additional deposit £0
Maximum balance £2,500,000
Withdrawal conditions

Withdrawal Conditions -
Withdrawals are not permitted.

Closure is permitted but interest will only be paid up to the date of closure. Interest rate to be modified to one applicable for actual deposit-run period at the time of account opening.

Transactions
Branch
Post
Phone
Internet
Statement frequency annually
Additional information

On maturity the balance of the account is transferred into the customers linked account held with Punjab National Bank.