Monthly Interest Term Deposit
Monthly Capitalised Interest
We offer an alternative, monthly interest Term Deposit option, allowing you to decide if you want your interest repaying at maturity or monthly to an existing Yorkshire Bank account.
Get the calculated interest from your deposited amount paid automatically at the end of each calendar month into a nominated Yorkshire current or savings account. This must be applied for in branch so please contact your local Yorkshire Bank branch (opens in a new window) for assistance, further details and Terms and Conditions.
You can only make one withdrawal of the full amount, subject to a penalty charge, see Terms and Conditions (PDF, opens in a new window) for details. A minimum £30 penalty will apply for early withdrawal.
Rates are correct as at 17th December 2008.
Term Deposit £2,000 - £5,000,000
| Term | Gross* | AER+ % pa |
Net** % pa |
|---|---|---|---|
| 12 Months | 3.20 | 3.25 | 2.56 |
| 24 Months | 3.20 | 3.25 | 2.56 |
| 36 Months | 3.20 | 3.25 | 2.56 |
The monthly interest Term Deposit option can only be applied for in branch, contact your local Yorkshire Bank branch (opens in a new window) for assistance, further details and Terms and Conditions.
Definitions
+AER: The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
* Gross Rate. 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 lower rate prevailing at the time of payment (currently 20%).
** 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.