Close Brothers

You could enjoy better returns for locking your money away for a longer term.

At a glance          

• You commit your money to us for a set period, we commit to pay you an agreed rate of interest for the fixed term. This way you know where you stand
  

• Interest is paid to a nominated bank account each year on the anniversary of the start date of the fixed deposit or annually on a date specified by us at the start of the fixed rate deposit
  

• When your fixed term deposit matures your full investment is paid back, or we may provide you with an option to invest again with another Close Brothers Savings product that is available at the time of maturity

At a glance

• Notice accounts do not have a specific maturity date and are placed on deposit for an undetermined time

• These accounts allow you to add to the account at anytime.
  

• Any repayment request can only be actioned after the relevant notice period has been served e.g. on a 180 day notice account, we need to receive your repayment request 180 days before the date you need to have the money repaid     

• Withdrawal requests can be made by phone or in writing, signed by the account holder(s). We are unable to accept requests given by way of email or fax
  

• All repayments are returned to your nominated bank account at the end of the notice period
  

• The account will keep running until you contact us in writing to advise that you wish to close the account
  

• Interest is paid back into your notice account quarterly on the last working day of March, June, September, December

A term deposit (like a fixed term rate account) offering the opportunity for higher potential returns than most savings accounts, while protecting the initial deposit. 

At a glance

• A Structured Deposit is a fixed term account that tracks an index, usually the FTSE 100. The start date is the same for all accounts within a specific product and the reading of the Index on the start date becomes the opening level that the accounts track          
  

• The term is usually for five years and at maturity the performance of the Index determines how much interest may be applied. No additional deposits are allowable throughout the term
  

• A cash ISA option is also available thereby allowing customers the potential to earn interest tax free
  

Following on from the acquisition of Dunbar Bank on 8 July 2011, Close Brothers Savings now has a specialist team to manage existing Structured Deposit accounts.

Structured Deposit accounts