5 Month Fixed Term Deposit - Danske Bank

5 Month Fixed Term Deposit

Danske Bank
0.2 % AER
Headline Interest Rate
For 5 months
Compensation Scheme
£ 5,000 min initial deposit
Unlimited max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 0.2 % AER
Headline Interest Balance: £ 5,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 5,000
Date account was introduced: 06 Oct 2016

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus

Account access

Open account byManage account by
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: maturity
Minimum Balance: £ 5,000
Maximum Balance: Unlimited
Statement Frequency: half yearly
Additional Deposits: Not allowed
Standing Orders: Not allowed


Withdrawal Conditions: No withdrawals permitted during term of account as a rule. In special circumstances withdrawals and closure, may be permitted, and is subject to one months interest penalty for each three month period (or part thereof) remaining in the term. There is also a £10 administration fee.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Withdrawals are not permitted.
Transferred on Maturity: The customer can choose on account opening to have their funds "roll over" on maturity into a new Danske Fixed Term Deposit, at the interest rate applicable at that time. If they choose not to, the maturity funds will be transferred to their service account (Danske current account, Midas Gold or Summit account) unless they give alternative instructions.


Additional Account Required: A service account is required for the duration of this product and can be either a Danske current account, Midas Gold or summit account.
Trustee Types: Trusts, on behalf of children, are available. All other trusts are on request and are dealt with on a case by case basis.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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