Business Term Deposit
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Guaranteed return on your surplus cash for a fixed term
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Benefits
Features
Important Facts
Cash flow is critical to your business. A Business Term Deposit, available to most businesses, companies, partnerships and sole traders, clubs and associations with short-term surplus cash to invest, offers a guaranteed rate of return over a fixed term. Minimum £5,000 deposit, up to a maximum deposit of £250,000.
How it works
With a Business Term Deposit you stand to benefit from an attractive rate of return on your surplus cash, whilst a range of fixed terms are available to meet your individual business needs. The amount, term and interest rate are fixed at the time of making the deposit, providing greater certainty around cash flow planning.
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Benefits
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- Personal attention - dedicated pro-active relationship management
- Certainty - knowing the fixed deposit amount, term and interest rate on your investment
- Saving - attractive rate of return on your surplus cash
- Flexibility - choice of terms available to suit your needs
- Security - guaranteed return
- Choice - choose from a number of reinvestment options at maturity
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Features
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- Number of terms available from 30 days to 12 months
- Interest paid on maturity
- Guaranteed return on your initial investment
- Option prior to maturity to obtain an overdraft facility - limit not exceeding the amount of the principal of the deposit and period not exceeding the maturity date.
- Personal attention - dedicated Business Partner who can make decisions - fast
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Complementary solutions
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Important facts
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Interest rate
- Available on request from your Business Partner
Access to funds
- Only one withdrawal can be made for the whole balance of the account. No partial withdrawals can be made
- 5 days notice is required
- A charge will be applied, this may result in the expected return not being achieved if the agreement is broken
Term
- 30 days, 3, 4, 6 & 12 months
How is interest calculated?
- Fixed
- Interest is calculated daily on the full cleared balance
How is interest paid?
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Minimum Credit Balance
Maximum Credit Balance
Standing Orders and Direct Debits
- Standing Orders or Direct Debits are not available on this type of account
Alternative Options
What it costs
- Charges for early withdrawal apply - speak to your Business Partner for more details
Terms and conditions
- Any overdraft provided will be secured on the Business Term Deposit
- If the overdraft facility is taken out a Yorkshire Bank Current Account will be required
- All terms and conditions are available on request
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Overdraft available for Business purposes only.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office 30 St Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. In respect of deposits with a UK office, payments under the scheme are limited to 100% of the first £35,000 of a depositor's total credit balances with the Bank.
Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.
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