Fixed Term Deposits

Our range of Fixed Term Deposits provide you with an easy way to save for the future. Simply complete an application and start earning a competitive rate of return on your savings.

Currently available

2 Year 5 Year
2.15%
Gross / AER*
2.65%
Gross / AER*

 

This product is a limited offer, subject to availability and may be withdrawn at any time without prior notice. The interest rate quoted is correct as at 03 September 2018.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and added each year. The gross rate of interest is the rate payable before the deduction of tax at the rate agreed by law.

Fixed Term Deposits

Summary box

To comply with regulations issued by the Financial Conduct Authority (FCA), we are required to show a cash illustration based on a £1,000 deposit amount. This is for illustration purposes only, the minimum deposit on this product is £10,000. To calculate the interest you will receive based on your specific deposit amount, please select the Personal illustration tab.

What is the interest rate?

Please note, interest is accrued daily and is payable annually and at maturity into your nominated bank account.

Product term Annual Equivalent Rate (AER)* Example amount Estimated balance after 12 months
2 year 2.15% £1,000.00 £1,021.50
5 years 2.65% £1,000.00 £1,026.50

* Annual Equivalent Rate illustrates what the interest rate would be if interest were paid and added each year.

Customer deposit interest calculator

How much would you like to deposit?

£

Select the applicable product term

Post

Apply by post

 

1

Read our General Terms and Conditions and Privacy Policy.

 

2

Download, complete and sign the Fixed Term Deposit application form. You can complete the application form electronically or by hand.

 

3

Post the completed application form with the required documentation to: Close Brothers Savings, 4th Floor, 10 Crown Place, London, EC2A 4FT.

 

General Terms and Conditions

This is our standard customer agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information. Copies of the General Terms and Conditions are available on this website or by telephoning us on 020 3857 3050.

For full details of how we collect and process your personal data, please read our Privacy Policy

 

Fixed Term Deposit application form

Power of Attorney Fixed Term Deposit application form

Tax Residency - Self-certification declaration form for Individuals

 

If you would like an application form to be sent to you in the post, simply click on the button below, fill out your details and submit.

Request an application form

Close Brothers Savings is a trading style of Close Brothers Limited, a subsidiary of Close Brothers Group plc.

For full details of how we collect and process your data, please read our privacy policy.

If you have a query regarding the postal application process please contact the Customer Services team on 020 3857 3050.

How the products work

How the account works

1. Your funds are deposited into the Fixed Term Deposit that you choose.

How the account works

2. Funds are fixed for the agreed term at the fixed rate. Interest is paid annually and at maturity.

How the account works

3. At maturity, your principal deposit and final year's interest will be repaid to your nominated account.

What you need to know 

  • Save from £10,000 to £2 million per deposit term
  • Product interest rates are reviewed weekly and are subject to change
  • The rate applied will be the rate advertised on the date we receive your completed application

 
 

  • All deposits are held by Close Brothers Limited (CBL) trading as Close Brothers Savings
  • Available to UK residents aged 18 or over
  • These products are a limited offer, subject to availability

Members of the FSCS

Your eligible deposits with Close Brothers Limited (and our associated trading styles of Close Brothers Treasury and Close Brothers Savings) are protected up to a total of £85,000 by the Financial Services Compensation Scheme ('FSCS'), the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Close Brothers Savings and Close Brothers Treasury. Any total deposits you hold above the £85,000 limit between these brands are not covered.

Read more here 

If you have an enquiry call us on: 020 3857 3050