Term Deposit Account

What you get

Enjoy peace of mind when you keep your savings in a Yorkshire Bank Term Deposit. We have a selection of terms between 1 and 3 years. If your savings are held for the full term you'll receive a guaranteed rate†. And it's so easy. Apply for your Term Deposit today.

Great benefits – guaranteed

• Terms between 1 and 3 years
• Guaranteed interest rate† of 5.81% Gross*/5.50% AER** AER if held for the full 36 month term, this rate is available for a limited period only
• Deposit between £2,000 and £5,000,000
• Monthly Interest Term Deposit also available
• Include any additional savings in your opening deposit (once your Term Deposit is open, you cannot add to it)
• 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.

Products you might also be interested in

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• Cash ISA - a great way to watch your money grow, tax-free
• Stocks and Shares ISA - make the stock market work for you
• Cybersave - start early and help your child manage their money
• Child Savings Bond - a great investment for your child’s future
• Child Trust Fund - put your child’s savings into overdrive, open a Child Trust Fund today

Legal Info

† During the fixed term, you can only make one withdrawal of the full amount, including any accrued interest. Such a withdrawal will be subject to an early repayment charge (£30 minimum charge) the amount of which is dependent on the number of days to Maturity. Ask at any branch or see Terms and Conditions for details. The charge will be deducted from any accrued interest, but where there is insufficient accrued interest to meet the charge in full, any additional sum will be deducted from the capital in the account. If early repayment is requested then the stated interest will not be achieved.

*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%).

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

• The rates are variable and the completed Application Form and cheque must be with us within 5 Business Days of the rate last being advertised on the web page.  The Bank will not be responsible for items posted that are not received within the required time. Rates are correct as of 17th November 2008
• A minimum deposit of £2,000 is required. Interest will be credited to the account at Maturity, or (if any) when the account is closed, if earlier.
• For your security, calls may be monitored or recorded.
• Yorkshire Bank is a trading name of Clydesdale Bank PLC which is a member of 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 the 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.