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Term deposit account

Making your savings grow

Decide how long you’d like to save - from three months to three years - then once your term deposit is opened, sit back and watch your money earn a guaranteed rate. Our term deposit account is ideal if you want to put away a lump sum – as long as you don’t want to make any withdrawals or additional deposits.

At a glance
Interest rates
How to apply
Summary box
  • Features
    • Guaranteed interest rates - up to 1.01% Gross*/1.00% AER+. This rate is available on the 3 year Term Deposit – Interest Capitalised at Maturity account.
    • Minimum deposit of £2,000 – Maximum deposit of £5,000,000.
    • Withdrawals or early closure are not permitted during the fixed term.
    • See interest rates tab for terms available, interest rates and how this is paid to you
    Withdrawals are not permitted

    Please note withdrawals or early closure of the term deposit are not permitted under any circumstances during the fixed term except in the event of the death of the Account Holder (or one of them if joint account). See term deposit terms and conditions (PDF, opens in new window) clause 2.3 for further information, if there is anything that you don't understand please contact us for clarification.

    For futher information

    *Gross rate interest is the interest payable without taking account of any tax payable. From 6th April 2016 we no longer deduct tax from the interest earned on your savings, following the introduction of a Personal Savings Allowance. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Government website www.gov.uk.

    +AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

  • For new Term Deposits - The rate in force on the day your Term Deposit is opened will be the rate applied to your new account for the fixed term.

    For existing Term Deposits that are due to mature - The rate in force on the day your Term Deposit is reinvested will be the rate applied to your account for the fixed term. For more information on your options please refer to the letter sent out 35 days prior to your maturity date.

    Interest capitalised and paid at maturity – interest will be credited to the account on the maturity date.

    Term Gross* AER+ pa Apply
    3 Months
    0.20%
    0.20%
    Apply in branch
    or call 0800 587 5000
    6 Months
    0.40%
    0.40%
    Apply in branch
    or call 0800 587 5000
    12 Months
    0.80%
    0.80%
    Apply
    2 Years
    0.90%
    0.90%
    Apply
    3 Years
    1.01%
    1.00%
    Apply

    Annually capitalised interest – the interest is added to your Term Deposit account on the anniversary every year.

    Term Gross*/AER+ pa Apply
    2 Years
    0.90%
    Apply
    3 Years
    1.00%
    Apply

    Monthly interest

    You can also choose to have your interest paid monthly, directly into another Yorkshire Bank account. This way, you can generate a regular income for up to five years.

    Term Gross* AER+ pa Apply
    12 Months
    0.80%
    0.80%
    Apply in Branch
    2 Years
    0.90%
    0.90%
    Apply in Branch
    3 Years
    1.00%
    1.00%
    Apply in Branch

    Annual interest

    You can also choose to have your interest paid annually, directly into another Yorkshire Bank account.

    Term Gross*/AER+ pa Apply
    2 Years
    0.90%
    Apply in Branch
    3 Years
    1.00%
    Apply in Branch

    A Yorkshire Bank current or savings account must remain open in order for the monthly or annual interest to be paid in to.

    The terms and rates offered for Term Deposits are constantly reviewed. As a result the length of the terms offered may vary.

    *Gross rate interest is the interest payable without taking account of any tax payable. From 6th April 2016 we will no longer deduct tax from the interest earned on your savings, following the introduction of a Personal Savings Allowance. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Government website www.gov.uk.

    +AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

  • How to apply

    Apply online

    Use the online application process to complete and print an application form and fill it out. Send on to the following address - no postcode required - but please note that it is important to ensure the FREEPOST address is written on one line as:

    FREEPOST YORKSHIRE BANK TERM DEPOSIT ADMINISTRATION

    Along with your application, you should send a cheque for the amount of your deposit. The cheque must be written from an account in the applicant's name and made payable to the person named on the application form. For joint applications, you can send a separate cheque for each applicant if you wish.

    When we receive your signed application, we will process it as quickly as possible.

    • After your cheque has cleared, we will open your account
    • Within 14 working days we will send you a certificate and covering letter confirming your new term deposit details
    Apply by phone

    Call 0800 587 5000 (Monday to Friday 8.00am - 8.00pm, Saturday 9.00am - 5.00pm, Sunday 10.00am - 4.00pm)

    Apply at a branch

    Find your nearest Yorkshire Bank branch

  • Summary Box
    Key Product Information for our Savings Accounts
    Account Name 3, 6, 12, 24 & 36 month Term Deposits – Interest Capitalised at Maturity
    Interest Rates (AERs) Refer to our website,www.ybonline.co.uk or the notice displayed in Branch.
    Tax Status Interest will be paid gross.
    Conditions for bonus payment N/A
    Withdrawal arrangements Withdrawals or early closure of the Term Deposit are not permitted under any circumstances during the Fixed Term except in the event of the death of the Account Holder (or one of them if joint account). See Terms and Conditions of the account for further information.
    Access Branch/Post/Internet/Telephone
    Summary Box
    Key Product Information for our Savings Accounts
    Account Name 12, 24 & 36 month Term Deposits – Interest Capitalised and Repaid Monthly
    Interest Rates (AERs) Refer to our website,www.ybonline.co.uk or the notice displayed in Branch.
    Tax Status Interest will be paid gross.
    Conditions for bonus payment N/A
    Withdrawal arrangements Withdrawals or early closure of the Term Deposit are not permitted under any circumstances during the Fixed Term except in the event of the death of the Account Holder (or one of them if joint account). See Terms and Conditions of the account for further information.
    Access Branch/Post/Internet/Telephone
     
    Summary Box
    Key Product Information for our Savings Accounts
    Account Name 24 & 36 month Term Deposits – Interest Capitalised and Repaid Annually
    Interest Rates (AERs) Refer to our website,www.ybonline.co.uk or the notice displayed in Branch.
    Tax Status Interest will be paid gross.
    Conditions for bonus payment N/A
    Withdrawal arrangements Withdrawals or early closure of the Term Deposit are not permitted under any circumstances during the Fixed Term except in the event of the death of the Account Holder (or one of them if joint account). See Terms and Conditions of the account for further information.
    Access Branch/Post/Internet/Telephone
     
    Summary Box
    Key Product Information for our Savings Accounts
    Account Name 24 & 36 month Term Deposits – Interest Capitalised Annually
    Interest Rates (AERs) Refer to our website,www.ybonline.co.uk or the notice displayed in Branch.
    Tax Status Interest will be paid gross.
    Conditions for bonus payment N/A
    Withdrawal arrangements Withdrawals or early closure of the Term Deposit are not permitted under any circumstances during the Fixed Term except in the event of the death of the Account Holder (or one of them if joint account). See Terms and Conditions of the account for further information.
    Access Branch/Post/Internet/Telephone
     

    Terms and conditions

    Terms and Conditions (PDF, opens in a new window)
    Download Adobe Reader (opens in a new window)

Apply today

Apply online Continue previous application

 


Call
0800 587 5000
to talk to a savings representative
(Monday to Friday 8.00am to 8.00pm,
Saturday 9.00am to 5.00pm,
Sunday 10.00am - 4.00pm)

Your nearest branch