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1 Year Fixed Term Deposit 


A Fixed Term Deposit gives you a fixed rate of interest for a set period of time, so you'll always know exactly how much interest you'll earn at the end of the term.

1 Year Fixed Term Deposit


Apply now

Download or request an application form to open your 1 Year Fixed Term Deposit.

What is the interest rate?


Gross PA / AER*

Accrued interest is paid annually and at maturity to your nominated bank account.

*AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest were paid and added each year. Gross PA means Gross Per Annum, i.e. before tax is deducted (at the legal rate).

Can Close Brothers Savings change the interest rate(s)?

No. Your rate is fixed, so it will stay the same for the entire term of your savings account.

What would the estimated balance be after 12 months based on £100,000 deposit? ¹

The rate is fixed for the whole term, so you can calculate the actual amount of interest you'll earn at the end, based on the amount you deposit.

Initial deposit  Interest earned
after 12 months 
Balance after
12 months
£100,000.00  £900.00  £100,900.00 


Calculate your balance after 12 months

How do I open and manage the account?

It's easy to apply by post, you can pay money into your account by cheque or electronic bank transfer (details are on the application form). To open a Fixed Term Deposit, businesses need to deposit between a minimum of £100,000 and maximum of £5 million.

Managing your account is easy too. Simply call or write to us and we'll help with any questions or instructions.

Can I withdraw money?

You can't take money out of a Fixed Term Deposit, so you need to be sure you're comfortable locking it away until the end of the term.

At that time, you can choose to reinvest your funds with us or have the money paid into your nominated business bank account.

What happens at maturity?

We'll contact you on the day your fixed term ends and explain your options. You can instruct us to reinvest your business' money into another account or have it paid into your company's nominated bank account.

Additional information


Tax information. We do not currently deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future.


¹ Assumptions: (1) the initial deposit shown is deposited at the time the account is opened.

Can we help?

If you'd prefer to speak to someone directly or have any questions, please get in touch.

Call us on

020 3857 3060

Lines are open

9am - 5pm, Monday to Friday (excluding UK bank holidays)

Alternatively email us at:

Financial Services Compensation Scheme logo

Financial Services Compensation Scheme (FSCS)

Your eligible deposits with Close Brothers Savings are protected up to a total of £85,000 by the UK's Financial Services Compensation Scheme. Any deposits you hold above this limit are unlikely to be covered. For further information visit