4 Year - < 5 Year Flexi Recurring Deposit - Punjab National Bank (International) Ltd

4 Year - < 5 Year Flexi Recurring Deposit

Punjab National Bank (International) Ltd
1.1 % AER
Headline Interest Rate
For 48 months
Compensation Scheme
£ 50 min initial deposit
£ 1,500,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.1 % 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

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: half-yearly
Minimum Balance: £ 50
Maximum Balance: £ 1,500,000
Statement Frequency: annually
Additional Deposits: Allowed
Standing Orders: Not allowed


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.


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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