Exclusive to private customers
In October 2018, Virgin Money plc (Virgin Money) joined forces with Clydesdale Bank PLC (Clydesdale). If you have any products with Virgin Money, we need you to read some information before you apply. This includes how your Financial Services Compensation Scheme (FSCS) protection could be affected.
Sometimes it pays to put your money away for a set period. Private term deposits allow you to do that.
For Private term deposits, the minimum investment is £10,000 and the maximum for any single deposit is £5,000,000. If you have more than £5,000,000 to invest please contact your Private Manager who will be pleased to discuss your options.
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).
View a summary of our Term Deposit products (PDF, opens in a new window)
Along with our private term deposit, we offer a range of alternative savings products.
View a summary of all our available private savings products (PDF, opens in a new window)
Your eligible deposits with Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank and B. Any total deposits you hold above the limit between these brands are unlikely to be covered.
For further information or visit www.fscs.org.uk (Link opens in new window)
Contact your Private Manager
0800 587 5871
24 hours, 7 days a week
Alternatively use our online contact form and we will call you.
This service may be temporarily unavailable during periods of routine maintenance.