3 Year - < 4 Year Flexi Recurring Deposit - Punjab National Bank (International) Ltd

3 Year - < 4 Year Flexi Recurring Deposit

Punjab National Bank (International) Ltd
0.9 % AER
Headline Interest Rate
Fixed
For 36 months
FSCS
Compensation Scheme
£ 50 min initial deposit
£ 1,500,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 0.9 % AER
Headline Interest Balance: £ 50
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 50
Date account was introduced: 19 Jan 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£500.90%0.90%0.90%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
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: half-yearly
Minimum Balance: £ 50
Maximum Balance: £ 1,500,000
Statement Frequency: annually
Additional Deposits: Allowed
Standing Orders: Not allowed

Withdrawals

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.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals are permitted.
Transferred on Maturity: On maturity the balance of the account is transferred into the customers linked account held with Punjab National Bank.

Conditions

Additional Account Required: To open this account customers also need to open or already hold a current account or savings account with the provider.
Trustee Types: This account can be opened on behalf of a child.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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