Business Fixed Term Deposit
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.
Key features
What is the minimum deposit?
£100,000.
What is the maximum deposit?
£5 million.
Can Close Brothers Savings change the interest rate?
No. Your rate is fixed, so it will stay the same for the entire term of your savings account.
How do I open and manage my account?
To open an account please complete our enquiry form. To manage your account, simply call or write to us.
Can I withdraw money?
No. You can't take money out of a Fixed Term Deposit.
Can I put money in after my first deposit?
No, we will only accept one single payment of funds into the account.
If you're looking to deposit over £1 million, get in touch with us so we can discuss your options.
Additional information
AER stands for Annual Equivalent Rate and illustrates the interest rate you would earn from a savings account over the course of a year, and it takes any compounding of interest into account.
Gross PA means Gross Per Annum, which shows the interest rate payable without tax deducted.
At a glance
What is the minimum deposit?
£100,000.
What is the maximum deposit?
£5 million.
Can Close Brothers Savings change the interest rate?
No. Your rate is fixed, so it will stay the same for the entire term of your savings account.
How do I open and manage my account?
To open an account please complete our enquiry form. To manage your account, simply call or write to us.
Can I withdraw money?
No. You can't take money out of a Fixed Term Deposit.
Can I put money in after my first deposit?
No, we will only accept one single payment of funds into the account.
Why choose Close Brothers Savings?
We're part of leading UK merchant banking group Close Brothers Group plc with over 145 years successful trading experience and have been providing dedicated personal savings accounts to UK residents and businesses since 2008.
Well rated
A well rated bank with an A2 credit rating from Moody’s Investors Service (correct as at 27 March 2025) and a BBB rating from Fitch Ratings Ltd (correct as at 6 August 2025).
Consistently competitive rates
We are committed to regularly reviewing our savings products to ensure both new and existing customers are receiving fair and competitive pricing.
Personalised service
Our network of Business Development Managers deliver the highest levels of specialist service across a range of industries.
Discover more
Customer Forms
Change your address or mandate, whatever you need you can find all of the our customer forms in one, convenient place.
Help and Support
We're here to help in any way we can. You'll find all of our contact details here and answers to frequently asked questions.
Financial Services Compensation Scheme (FSCS)
Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
For further information, visit www.fscs.org.uk