3 Year Fixed Term Deposit - Scottish Widows Bank

3 Year Fixed Term Deposit

Scottish Widows Bank
0.8 % AER
Headline Interest Rate
Until 21/12/2020
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

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: 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.


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.


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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