We use cookies to keep our websites easy to use and relevant to our users' requirements and to enable us to learn which advertisements bring users to our website. We do NOT use cookies to collect any personal information about you. By continuing to browse our web pages, you agree that we may use cookies for these purposes. Find out more.×
Yorkshire Bank Logo
Menu

Term Deposit Account

A guaranteed rate for your savings

Decide how long you’d like to save – from three months up to three years then once your Term Deposit is opened, simply sit back and watch your money earn a guaranteed rate.

At a glance
Interest rates
How to apply
Summary box
  • 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.

    Main features
    • Guaranteed interest rates – up to 2.25% Gross*/
      2.20%
      /AER+ if held for the full term
    • Minimum deposit of £2,000 – Maximum deposit of £5,000,000
    • Various options for how your interest is capitalised and paid to you
    • Withdrawals or early closure are not permitted during the fixed term
    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.

    Apply online

    *Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the basic rate prevailing at the time of payment (currently 20%).

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

  • Provided you keep your savings intact for the full term, your return is guaranteed.

    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 Net** pa Apply
    3 Months
    0.40%
    0.40%
    0.32%
    Apply in branch
    or call 0800 587 5000
    6 Months
    0.80%
    0.80%
    0.64%
    Apply in branch
    or call 0800 587 5000
    12 Months
    1.60%
    1.60%
    1.28%
    Apply
    2 Years
    2.02%
    2.00%
    1.62%
    Apply
    3 Years
    2.25%
    2.20%
    1.80%
    Apply

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

    Term Gross*/AER+ pa Net** pa Apply
    2 Years
    2.00%
    1.60%
    Apply
    3 Years
    2.20%
    1.76%
    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 three years.

     
    Term Gross* AER+ pa Net** pa Apply*
    12 Months
    1.59%
    1.60%
    1.27%
    Apply in Branch
    2 years
    1.99%
    2.00%
    1.59%
    Apply in Branch
    3 years
    2.18%
    2.20%
    1.74%
    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 Net** pa Apply*
    2 Years
    2.00%
    1.60%
    Apply in Branch
    3 Years
    2.20%
    1.76%
    Apply in Branch

    * These products are only available to Yorkshire Bank current or savings account customers via your local branch.

    Terms and rates offered for Term Deposits are constantly reviewed. As a result the length of the terms offered may vary on occasion from 3 months to 36 months.

    Rates are correct at 20th January 2014

     

    *Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the basic rate prevailing at the time of payment (currently 20%).

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

    ** Net Rate. Net Rate is the Gross Rate less income tax at the lower rate (currently 20%). Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from H M Revenue and Customs. Higher rate taxpayers may be liable to additional taxation according to their individual circumstances.

  • How to apply
     

    Apply online

    Use the online application process to complete and print an application form and fill it out. Send the completed form to:

    Freepost RRBU-ZLRL-ATCB
    Clydesdale Bank PLC
    Term Deposit Administration
    Timor House, Mariner Court
    CLYDEBANK G81 2NR

    Along with your application, you should send a cheque for the amount of your deposit. Make the cheque 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 net of basic rate tax unless you have registered for payment of gross interest as a non taxpayer, or are resident abroad and have signed a non-resident’s declaration.
    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 net of basic rate tax unless you have registered for payment of gross interest as a non taxpayer, or are resident abroad and have signed a non-resident’s declaration.
    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 net of basic rate tax unless you have registered for payment of gross interest as a non taxpayer, or are resident abroad and have signed a non-resident’s declaration.
    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 net of basic rate tax unless you have registered for payment of gross interest as a non taxpayer, or are resident abroad and have signed a non-resident’s declaration.
    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 specialist
(Monday to Friday 8.00am to 8.00pm,
Saturday 9.00am to 5.00pm,
Sunday 10.00am - 4.00pm)

Your nearest branch

You are here: Personal Banking > Savings > Fixed term and notice accounts > Term Deposit

Mortgages
Book an appointment today

Personal Loan
Online decision

Current Accounts
It’s simple and straightforward

Gold MasterCard
Apply online

Home Insurance
Select the cover you need

Travel Insurance
Protection for your trip

Car Insurance
No compromise on cover

Over 50s Life Cover Plus
Now includes more benefits as standard

Mortgage calculator
Calculate your repayments

Personal Loan calculator
Borrow from £1,000 to £25,000

Personal
Interest Rates

Private
Interest Rates

Business
Interest Rates