Business Term Deposit
Guaranteed return on your surplus cash
Gain peace of mind with guaranteed rates of return if held for the full term. Yorkshire Bank’s Business Term Deposit give you rates of return on your surplus cash. A range of flexible terms are available to help match the needs of your business. And with amounts, terms and interest rates fixed at the time of making the deposit, you can plan your cashflow with confidence.
- Range of terms available from 30 days to 12 months
- Minimum £5000 deposit, up to a maximum deposit of £249,999
- Choose from a number of reinvestment options at maturity
To find out more, contact your Agribusiness Partner, arrange a visit to your local Financial Solutions Centre or call 08457 034 567.
More Benefits
- Personal attention – local Agribusiness Partner who can make fast decisions
- Security – guaranteed return on your initial investment if held for the full term
Further Features
- Interest paid on maturity
- Guaranteed return based on full fixed term of investment being held
- Penalty fee applies for early withdrawal
- 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
Complementary Solutions
Important Information
- Interest rate – available on request from your local Agribusiness Partner
- Access to funds
- Only one withdrawal can be made for the whole balance of the account
- No partial withdrawals can be made
- Five days notice is required
- A charge will be applied, this may result in the expected return not being achieved if the agreement is broken
- The term may be 30 days, 3, 4, 6 or 12 months
- Interest calculated – fixed, calculated daily on the full cleared balance
- Interest paid upon maturity
- Credit Balance
- Minimum - £5,000
- Maximum - £249,999
- Standing Orders or Direct Debits are not available on this type of account
- Alternative option (for amounts over £250,000) – Treasury Fixed Term Deposit
- Costs
- Charges for early withdrawal apply – speak to your local Agribusiness 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
- Overdraft available for Business purposes only
- Full terms and conditions are available on request
Terms and Conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
We are covered by 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 circumstances of the claim.
Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme www.fscs.org.uk or in writing from the Financial Services Compensation Scheme, 7th Floor , Lloyds Chambers, 1 Portsoken Street, London E1 8BN.
Clydesdale Bank and Yorkshire Bank are trading names of Clydesdale Bank PLC. As both banks are part of the one and same authorised entity the FSCS compensation limit applies to deposits held across both brands.