3 Year Fixed Term Deposit - Scottish Widows Bank

3 Year Fixed Term Deposit

Scottish Widows Bank
0.8 % AER
Headline Interest Rate
Fixed
Until 21/12/2020
FSCS
Compensation Scheme
£ 10,000 min initial deposit
£ 5,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 0.8 % AER
Headline Interest Balance: £ 10,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 10,000
Date account was introduced: 09 Nov 2017

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
AER
£10,0000.80%0.80%0.80%

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: annually, monthly, quarterly
Minimum Balance: £ 10,000
Maximum Balance: £ 5,000,000
Statement Frequency: annually
Additional Deposits: Allowed
Standing Orders: Not allowed
Account Certificate: Account Certificate available.

Withdrawals

Withdrawal Conditions: Withdrawals are not permitted before maturity. Closure before maturity is permitted subject to 200 days loss of interest.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Withdrawals are not permitted before maturity.
Transferred on Maturity: The customer is advised of their options 30 days prior to maturity, if no customer instructions are received the funds will default into a variable rate account earning interest at base rate.

Conditions

Trustee Types: This account can be opened by someone on behalf of someone else.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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