Term deposit account
We no longer offer new term deposits under our Yorkshire Bank brand. We offer them under our Virgin brand, you can find more information on our Virgin Term Deposits here. (opens in a new window)
Maturing Customer Term Deposits – For Yorkshire Bank customers with an existing Term Deposit only
Main features
- Guaranteed interest rates.
- Minimum deposit of £2,000 – Maximum deposit of £5,000,000.
- Withdrawals or early closure are not permitted during the fixed term.
- Our summary box is a recap of our key product information
Withdrawals are not permitted
Please note withdrawals or early closure of the term deposit are not permitted under any circumstances during the fixed term, except in the event of the death of the account holder (or one of them if joint account). See clause 2.3 for further information on term deposit terms and conditions. If there is anything that you don't understand please contact us for clarification.
Important Information
| Account name | Personal Term Deposits |
|---|---|
| Can Yorkshire Bank change the interest? | No. The interest rate is fixed. |
| How do I manage my account? | We will contact you 35 days before the Term Deposit matures with a rate for another Term Deposit and details of how to add funds, withdraw funds, change the term or close the account. If you are happy to invest again, you do not need to take any action the Term Deposit will be rolled over for the same term. |
| Can I withdraw money? |
No, withdrawals or early closure of the Term Deposit are not permitted. |
| Additional Information |
Interest will be paid gross. Gross rate interest is the interest payable without taking account of any tax payable. AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year. |
You can find impartial information and guidance on money matters on the “Money advice service” website.
Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.