Business Term Deposit
Guaranteed return on your surplus cash
Enjoy greater certainty. Yorkshire Bank's Business Term Deposit allows you to benefit from rates of return on your surplus cash. A range of flexible fixed terms are available to meet your individual business needs. And with amounts, terms and interest rates fixed at the time of making the deposit, you can plan your cash flow with confidence.
- Minimum £5000 deposit, up to a maximum deposit of £249,999.
- Range of terms available from 30 days to 12 months
- Choose from a number of reinvestment options at maturity
To find out more:
- Call into your nearest branch or call 0845 606 4477
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4477
More Benefits
- Personal attention – Business Manager or Business Advisor who can make fast decisions
- Security – guaranteed return on your initial investment
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 Business Manager or Business Advisor
- 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, three, four, six 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 Business Manager or Business Advisor 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.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is a member of 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 upon the type of business and circumstances of the claim. In respect of deposits with a UK office, payments under the scheme are limited to 100% of the first £50,000 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.
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.