Offshore Term Deposit Savings Account

What you get

• Fixed interest rate for the duration of the account - regardless of general rates
• Minimum opening deposit: £10,000
• No maximum investment amount
• Option of monthly or annual interest
• Withdrawals cannot be made during the term, unless it is for the full balance including any accrued interest. 5 business days notice must be given and then you must pay an early repayment charge (£30 minimum charge) the amount of which is dependent on the number of days to maturity. The charged will be deducted from any accrued interest, but where this 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 rate of interest which not be achieved. (see Terms and conditions (PDF, opens in a new window) for full details)
• No additional payments can be made to the term deposit account during the term
• On maturity, we will write to you 28 days before maturity
• Unless otherwise notified three days before maturity, we will automatically rollover your deposit for a term equal to the previous term of your deposit
• Fixed interest rate
• Interest can be paid monthly into a nominated account on the same date as the commencement date
• Interest can be paid annually and at maturity into the account or a nominated account on the anniversary of the commencement date
• Monthly and Annual interest have the same options, however interest cannot be paid in to the term account except at maturity. Monthly and annual interest can be paid to a Current Account, Instant Savings or Notice account in the same currency or to a nominated account
• Interest can be paid into the Deposit account on the maturity date of the deposit
• Standard terms and conditions apply